IMF chief hails 'constructive' Spring Meetings held under tariff uncertainty

BSS
Published On: 26 Apr 2025, 12:22

WASHINGTON, April 26, 2025 (BSS/AFP) - The head of the International Monetary Fund said Friday that financial leaders meeting in Washington this week had shown a "remarkably constructive spirit," despite the uncertainty from Donald Trump's tariff plans.

The US president's stop-start rollout of levies against top trading partners since his return to office in January has confused businesses and unnerved investors, sending market volatility to levels not seen since the Covid-19 pandemic.

Taking stock of this week's World Bank and IMF Spring Meetings in Washington, at which US Treasury Secretary Scott Bessent represented the Trump administration, IMF Managing Director Georgieva said the world's finance ministers and central bank governors had recognized the importance of reducing uncertainties.

"Understandably, ministers and governors are concerned," she told reporters at the IMF's headquarters near the White House.

"But at the same time, they have also exhibited a remarkably constructive spirit in these meetings, coming together, showing willingness to take on the challenges facing the global economy."

Georgieva said political leaders had recognized that the trade uncertainty was a moment "to put their own houses in order" by tackling delayed reforms, strengthening resilience, boosting productivity and improving growth prospects.

"We are still having quite a challenging time," she said.

But "when people are in the same room, the abstract policies become more human," she added. "And that makes the conversation different."

  • Latest
  • Most Viewed
32,370 Hajj pilgrims return from Saudi Arabia
Policy needed for primary education in private sec: Bidhan Chandra
AL destroyed country’s education: Moyeen  
Anti-tobacco training workshop held in Cumilla 
Relieved Pakistanis recall 'horrifying nights' as Israel, Iran trade strikes
China's Xi calls on all parties 'especially Israel' to 'cease hostilities':  state media  
Sri Lanka keen to strengthen relations with Bangladesh's private sector 
One killed in Ctg road accident 
Report in share market manipulation case against Shakib on Sept 21
England v India: Three key battles
১০