International Monetary Fund (IMF) Managing Director Kristalina Georgieva (C) and the president of the Central Bank of Uruguay (BCU), Guillermo Tolosa, speak during the 41st Annual Economics Conference organised by the BCU, in Montevideo on July 30, 2026. (Photo by DANTE FERNANDEZ / AFP via Getty Images)

International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during the 41st Annual Economics Conference organised by the Central Bank of Uruguay (BCU), in Montevideo on July 30, 2026. (Photo by Dante FERNANDEZ / AFP via Getty Images)

International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during the 41st Annual Economics Conference organised by the Central Bank of Uruguay (BCU), in Montevideo on July 30, 2026. (Photo by Dante FERNANDEZ / AFP via Getty Images)

International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during the 41st Annual Economics Conference organised by the Central Bank of Uruguay (BCU), in Montevideo on July 30, 2026. (Photo by Dante FERNANDEZ / AFP via Getty Images)

International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during the 41st Annual Economics Conference organised by the Central Bank of Uruguay (BCU), in Montevideo on July 30, 2026. (Photo by Dante FERNANDEZ / AFP via Getty Images)

International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during the 41st Annual Economics Conference organised by the Central Bank of Uruguay (BCU), in Montevideo on July 30, 2026. (Photo by Dante FERNANDEZ / AFP via Getty Images)

Workers harvest Pinot Noir grapes in the vineyards The Defilippi - i Gessi winery in the small village of Oliva Gessi, located on the green hills of Oltrepò Pavese, between Casteggio and Montalto Pavese, northern Italy, on July 30, 2026. This year's grape harvest began earlier than expected due to the extreme heat. (Photo by Stefano RELLANDINI / AFP via Getty Images)

This aerial view shows Pinot Noir vines in the vineyards The Defilippi - i Gessi winery in the small village of Oliva Gessi, located on the green hills of Oltrepò Pavese, between Casteggio and Montalto Pavese, northern Italy, on July 30, 2026. This year's grape harvest began earlier than expected due to the extreme heat. (Photo by Stefano RELLANDINI / AFP via Getty Images)