Managing Director of the International Monetary Fund (IMP) Ms. Christine Lagarde stated that the Belt and Road Initiative aimed to connect economies, communities, and people. It holds great potential to bring benefits in terms of high-quality infrastructure, inclusiveness, and economic cooperation. The IMF can help in this effort by providing policy advice, financial support as appropriate, and hands on training and capacity building so that economies can maximize the benefits of more investment, trade, and financial connectivity while maintaining economic and financial stability. “In the context of the Belt and Road Forum, the People’s Bank of China and the IMF agreed to establish a new China-IMF Capacity Development Center to support effective institution-building and policymaking in countries along the Belt and Road and beyond. In my meetings with President Xi, Premier Li, and other leaders, we exchanged views on the globe economy, how to strengthen cooperation to tackle global challenges and the role of the IMF in supporting its member countries. I am encouraged by the resilience of the Chinese economy and recent efforts by the Chinese government to address financial risks continued implementation of announced reforms will help strengthen the foundation for sustained, balanced and inclusive growth. I also expressed my appreciation for China’s continued support for international cooperation. I would like to congratulate the Chinese government and the people of China for hosting a successful Belt and Road Forum and express my deep gratitude for their gracious hospitality. I look forward to visiting China again in the near future.
About Amna Malik 48 Articles
Author is the President, Center of Pakistan and International Relations (COPAIR) and Editor-in-Chief of ‘Mélange int’l Magazine’ and ‘ The Asian Telegraph’.