Washington: In a strong appeal to the global community, International Monetary Fund (IMF) Managing Director Kristalina Georgieva emphasized the critical role of international trade as a driver of economic growth, even as nations navigate turbulent financial waters. Speaking at a press briefing during the IMF and World Bank Annual Meetings in Washington, Georgieva highlighted the necessity for countries to maintain open markets despite rising protectionist tendencies.

Georgieva specifically addressed the impact of large fiscal and trade imbalances. She urged nations with substantial trade surpluses, such as China, to focus on stimulating domestic consumption rather than relying predominantly on exports. Conversely, she called on countries burdened with significant fiscal deficits, like t

See Full Page