Via IMF (Den Internationale Valutafond)

Statement by IMF Managing Director Kristalina Georgieva on the Fifth “1+6” Roundtable in China







November 24, 2020















Washington, DC:
Ms. Kristalina Georgieva, Managing Director of the International Monetary
Fund (IMF), issued the following statement today at the conclusion of the
Fifth “1+6” Roundtable convened by the Chinese authorities:

“I would like to express my great appreciation to Premier Li for hosting
the ‘1+6’ Roundtable and to the Chinese authorities for its excellent
organization.”

“The Fifth ‘1+6’ Roundtable took place against the backdrop of an uneven
global recovery almost one year into the pandemic. While China’s recovery
continues, there are other economies that may be losing momentum as they
contend with further waves of the pandemic. The recent news on vaccines
provides hope of a durable end to this crisis, yet many challenges remain.

“To end the crisis as quickly as possible, there is no alternative to working together, first and
foremost by ensuring effective vaccines and treatments are available for
everyone. During the dialogue I stressed three areas of global leaders’
policy agenda: debt, trade and climate change.


“First, we need to work together to continue to assist the most
vulnerable countries by providing debt relief and new financing.

The extension of the G20 Debt Service Suspension Initiative and the new
Common Framework for Debt Treatments are very welcome. We appreciate
China’s efforts in helping to reach agreement on these initiatives and
welcome China’s continued support of their implementation, which requires
rapid and effective creditor coordination. The IMF will continue to assist
in these efforts.

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Second, we also need to cooperate to resolve trade tensions and
modernize the international trading system to restore trade as an
engine of growth

. Reinvigorating multilateral trade reform at the WTO and strengthening the
rules-based trading system will be critical, including to make the system
fit for the digital era—and I’m pleased that China is taking an active role
in WTO reform, including with its 2019 reform proposal.


“Third, the world is facing a climate crisis, and we will need strong
policy actions and cooperation to meet this challenge

. Here China’s commitment in reaching carbon neutrality by 2060 is critical
and welcome.

China’s fast recovery continues thanks to resolute
measures in combatting the virus, mitigating its impact, and supporting
growth. With the right mix of supportive macroeconomic policies focused on
strengthening social safety nets and further key reforms, China will secure
the recovery and ensure balanced and high-quality growth, which will
benefit China and the world.”


IMF Communications Department
MEDIA RELATIONS

PRESS OFFICER: Ting Yan

Phone: +1 202 623-7100Email: MEDIA@IMF.org

@IMFSpokesperson








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