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Quotes from Christine Largarde, IMF managing director

China Daily | Updated: 2016-09-06 08:03

"A first priority is a coordinated effort to raise growth. The G20 agreed that this will require making full use of all policy levers - monetary, fiscal, and structural - individually and collectively. The G20 also agreed to identify and prioritize reforms that provide the biggest growth impulse for each country, which is an area where the IMF is actively engaged. Pushing back against protectionism and pushing forward with free and fair trade is a vital component of this growth agenda."

"A second priority is a commitment that growth must be more widely shared. Again, countries should deploy proven tools to reduce excessive inequality and raise economic prospects, particularly for low-income groups and workers affected by rapid technological change - for example, through skills training and investments in education and health. We need increased growth, but it must be better balanced, more sustainable, and inclusive so as to benefit all people."

"On the low-growth trap, we take the very strong view that policymakers have to act upon the current situation, they have to use all positive tools and levers in order to respond to that risk, which is why I said monetary policy where possible, but where stretched too thin, use fiscal policy in order to stimulate demand, which we are short on at the moment."

Quotes from Christine Largarde, IMF managing director

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