Chinanews.com, April 9th. According to the website of the central bank, on the evening of April 8, 2021, the 43rd International Monetary and Financial Committee (IMFC) meeting was held in the form of a video conference. The meeting mainly discussed the global policy agenda and the International Monetary Fund. Organizations and countries’ policy responses to the new crown pneumonia epidemic and other issues.
Yi Gang, Governor of the People's Bank of China, attended the meeting and delivered a speech.
Yi Gang pointed out that China's prudent monetary policy has strongly supported the response to the epidemic and has always remained within the normal range.
To support small and micro enterprises, China recently announced the extension of two monetary policy tools that directly reach the real economy.
In the future, macroeconomic policies will maintain stability and continuity.
Data map: People's Bank of China.
China News Agency issued Yang Mingjing photo source: CNSPHOTO
The meeting pointed out that the global economic recovery is faster than expected, but it is divided and faces greater uncertainty.
The epidemic may have long-term effects on the global economy, including rising financial vulnerabilities and increasing poverty and inequality.
At the same time, issues such as climate change are becoming more urgent.
The meeting emphasized the importance of strengthening international cooperation, speeding up the production of the new crown vaccine, and promoting the fair distribution of vaccines.
Countries will continue to provide policy support for the economy in light of their specific national conditions, and jointly promote a resilient and inclusive global economic recovery.
The meeting supported the IMF to formulate a general plan for issuing additional special drawing rights equivalent to US$650 billion, and to study a plan for member states to voluntarily transfer special drawing rights to vulnerable countries.
At the same time, it supports the IMF to further reform its lending tools and play a greater role in tackling climate change and digitization-related issues.
All parties pledged to continue to advance the 16th General Quota Inspection and IMF governance reform.
Yi Gang introduced China's economic situation and said that China's economy has continued to recover steadily this year.
China's prudent monetary policy has strongly supported the response to the epidemic and has always remained within the normal range.
To support small and micro enterprises, China recently announced the extension of two monetary policy tools that directly reach the real economy.
In the future, macroeconomic policies will maintain stability and continuity.
Yi Gang said that China supports the IMF's general issuance of SDRs equivalent to US$650 billion, and supports the SDR surplus countries in voluntarily transferring SDRs to fragile countries. At the same time, it hopes that the IMF's 16th general quota inspection will be on schedule. make a progress.