China News Service, Beijing, March 24 (Wang Mengyao) At the 2024 Annual Meeting of the China Development Forum held on the 24th, Kristalina Georgieva, President of the International Monetary Fund (IMF), delivered a speech He said that in the medium term, China will continue to be an important contributor to global economic growth.
Talking about the world economy, Georgieva said that this year has been a challenging year for the fiscal authorities of most countries. Countries need to consolidate debt reduction and rebuild "buffer zones" while financing the digital and green transformation of their economies.
She said that in the medium term, the International Monetary Fund expects global economic growth to fluctuate around 3%. This data has declined compared with before the epidemic, and the growth rate is relatively weak. This is mainly due to slow growth in productivity, high debt levels, and tense geopolitical situations.
On the 24th, Kristalina Georgieva, President of the International Monetary Fund (IMF), spoke at the 2024 Annual Meeting of the China Development Forum. Photo by China News Service reporter Tomita
As far as China is concerned, Georgieva pointed out that China's economy will rebound strongly after the epidemic in 2023, with a growth rate of more than 5%. In the medium term, China will continue to be an important contributor to global economic growth.
Georgieva admitted that transformation is not easy, but switching from high-speed growth to high-quality development is the right path. The Chinese government recognizes that high-quality development ultimately relies on reform. The International Monetary Fund is committed to becoming China's partner in this regard and jointly respond to global challenges through continuous dialogue and mutual learning.
Georgieva finally said: "I hope that the Year of the Dragon will have the energy, confidence and luck of the dragon," revitalizing the spirit of international cooperation and working together to create a more prosperous future for all. (over)