Nigeria, Nov. 24 -- International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Saturday that the global economy continued to show resilience despite multiple shocks, but remained too weak to meet the needs of many countries.

She spoke at the G20 Leaders' Summit in Johannesburg.

Ms Georgieva said the world had avoided some of the worst-case scenarios expected after the pandemic and recent geopolitical tensions, but growth was still lagging. "The global economy is doing better than we feared, but worse than we need," she told leaders.

She said that stronger private sector activity and years of institutional reforms had supported global resilience, but warned that stubbornly low growth and exceptionally high public d...