Yi Gang: China's prudent monetary policy has always remained within the normal range

　　China News Service, Beijing, April 9th ​​(Reporter Xia Bin) The 43rd International Monetary and Financial Committee (IMFC) meeting was held in the form of a video conference on the evening of the 8th. The governor of the People’s Bank of China Yi Gang attended the meeting and said that China’s economy has started this year. Continue to recover steadily.

China's prudent monetary policy has strongly supported the response to the epidemic and has always remained within the normal range.

　　Yi Gang said that in order 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.

　　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 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.

　　Yi Gang pointed out that the promotion of green finance is the focus of the Central Bank of China, and agrees that the IMF will include climate change on the global policy agenda and conduct research on issues such as the impact of digital currencies.

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