IMFs Georgieva: World economy is facing a new major test

The IMFs Georgieva is saying:

• Says world economy is facing a new and major test with depleted buffers

• Says China needs to reduce imbalances and shift to consumption

• Says trade-offs will be toughest for low income countries

• Says countries need to watch data for inflation pressures and adjust policy accordingly

• Says central bank independence is critical for credibility

• Says countries should double down on growth-oriented reforms and productivity enhancements

• Says U.S. is our largest shareholder, we value voice of U.S. administration

• Says Bessent expressed commitment to IMF

• Says Bessent raised important issues that will be incorporated into IMF policies

• Will follow membership and policies, countries that are highly vulnerable to extreme weather events will need support

This article was written by Greg Michalowski at www.forexlive.com.