WASHINGTON: The International Monetary Fund (IMF) is expected to lower its global growth prediction next month as a result of the Ukraine crisis' spillover effects, according to Managing Director Kristalina Georgieva.

Higher commodity prices, the impact on real incomes and the real economy, as well as the impact on financial conditions and business confidence, are all three key channels through which the ongoing crisis is being transmitted to the rest of the world, Georgieva told reporters at a virtual media roundtable on Thursday.

"Financial conditions have already tightened in several countries due to this pressure from mainly oil and gas prices," Georgieva said, adding that tightening measures could "move faster and further" due to increasing inflation, according to reports.

"It's especially concerning for emerging markets, which may see the combined impact of a drop in business confidence and tightening conditions, putting them in a more precarious position," she said. "If we are in a position where we are unable to resolve tensions quickly," the IMF director added, "we may see some negative impact on the international capacity to cushion nations against crises."

"So our responsibility at the Fund is to make sure that we maintain the membership together because we live in a world that is more shock prone, and we need collective power to deal with future shocks," she continued.

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