US EUROPE AFRICA ASIA 中文
    Business / Hangzhou G20

    Lagarde: Use all tools for stability and growth

    By Li Xiang and Chen Yingqun in Hangzhou (China Daily) Updated: 2016-09-04 08:10

    Lagarde: Use all tools for stability and growth

    Christine Lagarde, managing director of the IMF, and Jim Yong Kim, World Bank president, take part in the B20 Summit in Hangzhou on Saturday. Wang Zhuangfei / China Daily

    Even though the world has made marked progress in financial regulation since the 2008 crisis, relaxing supervision now would be a mistake, Christine Lagarde, managing director of the International Monetary Fund said on Saturday.

    Lagarde said that all tools available should be used to promote financial stability and stimulate growth, warning that the world could see the slowest growth since 2008 this year.

    The tools to which she referred include fiscal and monetary policies, as well as some structural reforms.

    She made the comments at the B20 Summit, a forum for business leaders that opened on Saturday ahead of a gathering of leaders of G20 economies in Hangzhou, Zhejiang province.

    Developing more effective and efficient global economic and financial governance to facilitate sustainable and balanced growth will be a central topic of the G20 Leaders Summit, which opens on Sunday.

    The global financial market has experienced some volatility this year, experts say, because of investors' concerns about the increasing divergence of the monetary and fiscal policies of the world's major economies.

    Lagarde's call for compatible policies among G20 economies to create financial stability and spur growth was lauded by Chinese experts.

    E Zhihuan, an academic committee member at Renmin University's International Monetary Institute, said the priority for G20 members should be promoting concerted action to execute monetary and fiscal policies to keep economic growth on track.

    "Leaders will likely reach consensus in areas including maintaining global financial stability and avoiding competitive currency devaluation," E said.

    She said that G20 members need to strengthen cooperation on global financial governance to promote growth and prevent global systemic risks.

    Meanwhile, green finance, for the first time, has been included on the G20 agenda. The G20 Green Finance Study Group released a report identifying challenges in green finance and suggesting voluntary options for countries to consider.

    China has called for the development of green finance to provide companies with funding for clean technology and green projects that can help keep the country's economic transition on a sustainable track.

    "The task force is well placed ... to source the financing that is needed to support ... the world's infrastructure and clean energy requirements," said Bill Winters, group chief executive of Standard Chartered, who was on the B20 Financing Growth Task Force.

    Hot Topics

    Editor's Picks
    ...
    中文字幕在线无码一区| 日韩AV无码中文无码不卡电影| 无码人妻熟妇AV又粗又大| 亚洲最大av无码网址| 无码人妻精品中文字幕免费| 99re热这里只有精品视频中文字幕| 精品无码国产自产拍在线观看| 无码AV动漫精品一区二区免费 | 亚洲自偷自偷偷色无码中文| 亚洲精品无码永久中文字幕| 97碰碰碰人妻视频无码| 无码人妻AV免费一区二区三区| 中文字幕精品久久久久人妻| 最近中文字幕大全免费版在线| 国产av无码专区亚洲国产精品| 亚洲av中文无码乱人伦在线咪咕| 亚洲一日韩欧美中文字幕欧美日韩在线精品一区二 | 中文字幕丰满伦子无码 | 永久免费无码网站在线观看个| 老司机亚洲精品影院无码| 亚洲日韩欧洲无码av夜夜摸| 久久久网中文字幕| 中文字幕二区三区| 中文字幕一区在线观看视频| 色欲综合久久中文字幕网| 中文字幕一区二区人妻性色| 亚洲AV无码不卡在线观看下载| av潮喷大喷水系列无码| 国产成人精品无码一区二区| 秋霞鲁丝片Av无码少妇| 欧洲人妻丰满av无码久久不卡 | 久久亚洲AV成人无码电影| 无码无套少妇毛多18PXXXX| 亚洲AV无码精品色午夜果冻不卡 | 中文字幕丰满乱子伦无码专区| 人妻无码精品久久亚瑟影视| 免费无码又爽又刺激网站| 亚洲乱码无码永久不卡在线| 小13箩利洗澡无码视频网站| 无码人妻精品一区二区三区在线| 无码国产午夜福利片在线观看|