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Policies Amid a Reset of the International Trade and Financial Systems

· Kristalina Georgieva, Managing Director of the International Monetary Fund (International)

Summary written by Dark Majestic in its own words · topics: public finances and debt, trade, fragmentation and geopolitics, development and emerging economies, growth, investment and productivity

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· Kristalina Georgieva Wiki · International Monetary Fund WikiPolicies Amid a Reset of the International Trade and Financial Systems

ContextRemarks at the second AlUla Conference for Emerging Market Economies, hosted by Saudi Arabia; the IMF advises and lends to its 191 members to keep the global economy stable.

Why it mattersCredits emerging markets with stronger central banks and fiscal rules, notes their growth near 4 percent against 1.5 percent in advanced economies, and sets two priorities: private-sector growth and integration.

Problems raised
  1. Growth in emerging markets still lags pre-pandemic trends.
  2. Fiscal buffers are depleted and debt is rising just as more shocks loom.
  3. Shifting alliances and trade patterns disrupt established trade routes.
Solutions proposed
  1. Cut red tape, deepen financial markets and strengthen institutions to unleash private-sector growth.
  2. Help young people develop the skills needed for tomorrow's jobs.
  3. Step up regional and cross-regional integration.
Read full speech on imf.org ↗

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