Tuesday, 17 September 2019, 03:53:49 pm
IMF chief defends role of trade in harnessing global growth as frictions escalate
June 07, 2019

Managing Director of International Monetary Fund Christine Lagarde defended role of trade in harnessing global growth as United States has escalated trade tensions with its trade partners in recent months.

Lagarde told an event at American Enterprise Institute that she does not think international multilateral system has relied too much on trade as a growth engine.

Lagarde said there should not be too many regrets about the emphasis by multilateral institutions like the IMF on promoting global trade.