IMF can cooperate with Trump to improve global trade: Lagarde
[WASHINGTON] International Monetary Fund Managing Director Christine Lagarde said on Thursday she believes the IMF can work successfully with the Trump administration to improve the global trading system, but added that open trade must be preserved as a growth engine.
Lagarde told a news conference at the opening of the IMF and World Bank spring meetings in Washington that the IMF saw the need to reduce subsidies and other trade distortions that limit competition, but also said "protectionist measures" needed to be avoided.
"From the various contacts that I've had with the administration so far, I have every reason to believe that we will make progress, that we will cooperate all together in order to support and indeed improve the system as we have it," Lagarde said.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
France to trim benefits for jobless as debt pressure mounts
UK Tories pledge to bring back national service for 18-year-olds
South Korea, China agree to launch diplomatic and security dialogue
Chinese military drills around Taiwan have ended: state media
Are these drones too Chinese to pass US muster in an anti-China moment?
The increasing Trumpification of TikTok