IMF chief says global cooperation, strong policies can help sustain growth momentum

BADEN-BADEN, Germany-- International Monetary Fund (IMF) Managing Director Christine Lagarde Saturday called for global cooperation and strong policies to sustain the growth momentum.

"Global cooperation and pursuing the right policies can help achieve strong, sustained, balanced, and inclusive growth," said Lagarde in a statement at the conclusion of the G20 Finance Ministers and Central Bank Governors Meeting in Baden-Baden, Germany.

The IMF chief urged implementation of strong monetary, fiscal and structural policies, saying that they "matter more than ever for what comes next".

Regarding the world economy outlook, Lagarde pointed out, signs show that the global economy has reached a turning point, even though uncertainties remain.

As global financial conditions may tighten, the IMF is committed to supporting membership in the management of risks stemming from excessive capital flow volatility.

"We will enhance our monitoring tools and stand ready to provide policy advice, including on macroprudential policies, as well as capacity building and financial support as warranted." Lagarde said.

Source: Philippines News Agency

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