The head of the International Monetary Fund says she “has every reason to believe” that the global lender can cooperate with the Trump Administration to support and improve global trade.
IMF Managing Director Christine Lagarde spoke in Washington as economic and political officials gathered from around the world at this week’s meetings of the IMF and the World Bank.
Candidate Donald Trump blamed what he called unfair trade for the loss of many jobs in the United States, and proposed tax increases for imported goods. President Trump recently signed an order to give U.S. firms a better shot at selling goods to the U.S. government, and has been sharply critical of immigration policies.
Lagarde says trade is one of the “pillars” of prosperity. She vowed to continue to support the growth of trade, seeking ways to make it more efficient and fair, and fight against protectionist measures.
Lagarde said the global economy is “picking up momentum,” because of “sensible” policies in many nations. Speaking a little earlier, World Bank President Jim Yong Kim said he is “encouraged” to see stronger economic prospects after years of “disappointing” global growth. He said growth is hampered by conflict, climate shocks, the worst refugee crisis since World War II, and famine in certain areas.