The IMFs Georgieva is saying:
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Says world economy is facing a new and major test with depleted buffers
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Says China needs to reduce imbalances and shift to consumption
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Says trade-offs will be toughest for low income countries
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Says countries need to watch data for inflation pressures and adjust policy accordingly
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Says central bank independence is critical for credibility
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Says countries should double down on growth-oriented reforms and productivity enhancements
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Says U.S. is our largest shareholder, we value voice of U.S. administration
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Says Bessent expressed commitment to IMF
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Says Bessent raised important issues that will be incorporated into IMF policies
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Will follow membership and policies, countries that are highly vulnerable to extreme weather events will need support
This article was written by Greg Michalowski at www.forexlive.com.
