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July 18, 2023
IMF Managing Director Kristalina Georgieva Urges G20 Leadership to Strengthen the Global Financial Safety Net
Photo: IMF Managing Director Kristalina Georgieva addresses the G20 Central Bank Governors Meeting in Gandhinagar, Gujarat, India, on July 18, 2023. (Image provided by Ministry of Finance, Government of India.)
Photo: IMF G20 Chart on Global Inflation.
Gandhinagar, India. July 18, 2023 — Managing Director of the International Monetary Fund, Kristalina Georgieva, thanked the Indian government for their hospitality and praised Finance Minister Nirmala Sitharaman and Central Bank Governor Shaktikanta Das for their leadership during the G20 meeting in Gandhinagar, India.
Georgieva discussed the global economy’s resilience despite recent shocks and rising interest rates but noted that medium-term growth prospects remain weak and economic disparities across countries are a concern.
She called for G20 leaders to take domestic and international policy action to move the global economy onto a more vibrant medium-term path, emphasizing the need to durably bring inflation down, rebuild fiscal buffers, and implement growth-enhancing reforms.
She said that our world is wealthier than when the current international financial architecture was established, but it’s also more fragile. The global economy is resilient, but this resilience isn’t distributed evenly.
The IMF Chief concluded that we could achieve a more vibrant and inclusive future by implementing domestic policy actions to improve growth prospects and international action to support vulnerable members of our global community.
Source: IMF
|GlobalGiants.Com|
— The Editor holds IMF’s Academic Certification in Financial Market Analysis, an exceptional credential.
Edited & Posted by the Editor | 4:16 PM | Link to this Post
