IMF Managing Director Kristalina Georgieva has concluded a significant visit to China, praising the “productive and substantive” discussions with the country’s top officials. In an exclusive interview with CGTN’s Tian Wei, Georgieva delved into pressing issues facing the global economy, highlighting the pivotal role China plays in fostering international financial stability.
Georgieva addressed the swelling debt burdens of developing countries, emphasizing the importance of collaborative efforts to mitigate financial risks. “We must work together to support nations facing unsustainable debt levels,” she stated, underscoring the IMF’s commitment to providing assistance and advocating for responsible lending practices.
Regarding the global impact of U.S. inflation, Georgieva noted that rising prices have far-reaching effects on economies worldwide. She stressed the need for coordinated policy responses to manage inflationary pressures and to ensure that emerging markets are not adversely affected by monetary policy shifts in advanced economies.
On China’s economic recovery, Georgieva expressed optimism about the country’s robust rebound from the pandemic-induced slowdown. “China’s strong recovery is essential not just for its own people but for the global economy,” she remarked. She highlighted the significance of China’s continued reforms and openness, which can spur growth and innovation both domestically and internationally.
Georgieva also called for enhanced cooperation among different financial platforms to support emerging market economies. She advocated for giving developing countries a bigger voice in international affairs, stating, “Inclusive decision-making leads to better outcomes. It’s crucial that emerging markets have a seat at the table to shape policies that affect them directly.”
The IMF chief’s visit underscores the growing importance of collaboration between China and international financial institutions. As global economic challenges persist, such dialogues are vital to promote sustainable growth, financial stability, and equitable development across nations.
Reference(s):
cgtn.com
