IMF Managing Director Kristalina Georgieva wrapped up her visit to China with a bang, calling recent discussions with Chinese officials ‘productive and substantive.’ In an exclusive chat with CGTN’s Tian Wei, she tackled the world’s economic headaches—from developing nations’ debt crises to how U.S. inflation is shaking global markets.
China’s Recovery: What’s Next?
Georgieva highlighted China’s ‘critical role’ in stabilizing the post-pandemic economy but stressed the need for sustainable policies to keep momentum alive. Could green tech or digital innovation fuel its next growth phase?
Debt, Dollars, and Developing Nations
With debt levels ballooning in emerging markets, the IMF chief urged richer nations and financial institutions to collaborate on relief efforts. ‘No country should be left behind,’ she said, calling for reforms to amplify developing economies’ voices in global finance.
U.S. Inflation: A Global Domino Effect
Rising U.S. interest rates are squeezing economies worldwide, Georgieva noted. She praised China’s ‘steady hand’ in managing spillover effects but warned that stronger multilateral cooperation is key to avoiding future shocks.
As the world navigates these rocky waters, one thing’s clear: teamwork isn’t optional—it’s survival.
Reference(s):
cgtn.com