IMF Managing Director Meets Chinese Leadership and Participates in the Belt and Road Forum in Beijing
IMF News, May 16, 2017
Source details
- Canonical URL
- IMF Managing Director Meets Chinese Leadership and Participates in the Belt and Road Forum in Beijing
Other formats
Bibliographic details
- Published: May 16, 2017
Visit and high-level meetings
- Press Release No. 17/175
- Date: May 16, 2017
- Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), met with President Xi Jinping, Premier Li Keqiang, and other world leaders and senior officials in Beijing.
- Media relations contact: PRESS OFFICER: Phone: +1 202 623-7100 Email: MEDIA@IMF.org
Views on the Belt and Road Initiative (BRI)
- "The Belt and Road Initiative aims to connect economies, communities, and people. It holds great potential to bring benefits in terms of high-quality infrastructure, inclusiveness, and economic cooperation."
- The IMF's role in supporting BRI objectives:
- Provide policy advice.
- Provide financial support as appropriate.
- Deliver hands-on training and capacity building.
- Purpose: "so that economies can maximize the benefits of more investment, trade, and financial connectivity, while maintaining economic and financial stability."
Institutional cooperation: China-IMF Capacity Development Center
- Announcement: The People’s Bank of China and the IMF agreed to establish a new China-IMF Capacity Development Center.
- Objective: Support effective institution-building and policymaking in countries along the Belt and Road and beyond.
Global economy and cooperation
- In meetings with Chinese leadership, views were exchanged on:
- The global economy.
- How to strengthen cooperation to tackle global challenges.
- The role of the IMF in supporting its member countries.
Assessment of China’s economy and reforms
- "I am encouraged by the resilience of the Chinese economy and recent efforts by the Chinese government to address financial risks."
- Policy message: "Continued implementation of announced reforms will help strengthen the foundation for sustained, balanced and inclusive growth."
- Acknowledgement: Appreciation for "China’s continued support for international cooperation."
Closing remarks
- Congratulations: Ms. Lagarde congratulated the Chinese government and the people of China for hosting a successful Belt and Road Forum.
- Personal note: Expressed "deep gratitude for their gracious hospitality" and "look[ed] forward to visiting China again in the near future."
IMF Press Release No. 17/175, May 16, 2017