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菲律宾彩票网

菲律宾彩票网: 浑水猎杀中国市值最高教育上市公司,好未来未来在哪

作者:臧建立发布时间:2019-11-12 03:21:54  【字号:      】

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WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

上海快3APP,

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

彩票购彩大厅登录,

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

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WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

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WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

WASHINGTON,(Xinhua)--Financeministersandcentralbankersworldwidecalledforconcertedeffortstostrengthenthemultilateral,rules-basedtradingsystemamidglobaltradetensionsatthejustconcludedannualmeetingsoftheInternationalMonetaryFund(IMF)andtheWorldBank,whiledemandingcontinuedprogressintheIMFngoftheInternationalMonetaryandFinancialCommittee(IMFC),theIMFspolicy-settingbody,thecommitteesaidgrowthoutlookis"highlyuncertainandsubjecttoelevateddownsiderisks,"includingtradetensions,policyuncertainty,andgeopoliticalrisks,againstabackdropoflimitedpolicyspace,highandrisingdebtlevels,andheightenedfinancialvulnerabilities."Free,fair,andmutuallybeneficialgoodsanngcurrentandfuturechallengeswouldsupportglobalgrowth,"theIMFCsaidinthecommuniqueSaturday."Tothisend,werecognizetheneedtoresolvetradetensionsandsupportthenecessaryreformoftheWorldTradeOrganizationtoimproveitsfunctioning,"(WTO)Director-GeneralRobertoAzevedosaidinastatementtotheIMFCmeetingthat"tradetensions,combinedwithawiderslowdowninaggregatedemandinleadingeconomies,havetakenatollonglobaltradegrowth."Afterregistering3percentgrowthin2018,year-on-yeargrowthinmerchandisetrade,byvolume,"Easingthecurrenttensionsisthusatoppriority,"Azevedosaid."Ifwewanttradetocontinuetoplayitsfullroleindrivinggrowth,development,andproductivity,wemustacknowledgetheessentialrolethatthetradingsystemplaysandcommittorenewingitforthefuture."InitsWorldEconomicOutlook(WEO)reportreleasedlastweek,theIMFlowereditsglobalgrowthforecastfor2019and2020,,respectively,warningthatgrowthcontinuesndgeopoliticaltensions,BrazilscentralbankchiefRobertoCamposNetosaidthat"wecallonthemajorglobaleconomiestorefrainfromimposingnewtraderestrictions."GermanysFinanceMinisterandViceChancellorOlafScholzsaidheagreeswiththeIMFthat"itiskey"toavoidfurtherescalationandresolvetradetensions."Incaserisksmaterializeandglobalgrowthweakensfurther,weshouldstandreadyforcoordinatedpolicyresponsestoavoidasharperdownturn,"ScholzsaidinhisstatementtotheIMFCmeeting."Risksassociatedwithpolicymissteps,includingafurtherescalationoftradetensions,shouldbeavoided,"saidAustraliasTreasurerJoshFrydenberg."Ontheotherhand,positiveresolutionoftradetensions,includingontheissuesunderlyingthem,wouldprovideawelcomerelieftoconfidence,investmentandgrowth.""Weremaincommittedtothemultilateral,rules-basedtradingsystemandeffortstostrengthenitshouldremainapolicypriority,",governorofthePeoplesBankofChina,said"itisimperative"thatallpartiesworktogethertobuildanopenworldeconomybystrengtheningglobalcooperation,"resistingallformsofprotectionismintradeandinvestment,andpromotingtradeandinvestmentliberalizationandfacilitation.""Tothisend,animmediatepriorityistoresolvethedeadlockovertheWTOAppellateBodybyunblockingitsmemberselectionandappointmentprocess,"Yisaid,addingthattheWTOshouldstepupdiscussionsonemergingissuessuchase-commerce,tradeinservices,andinvestmentfacilitation,andexplorewaystostrengtgsistheIMFsquotaandgovernancereform,withmanyfinanceministersandcentralbankersdisappointedwiththefailureofthegloballendersquotaincreaseforemergingmarketsunderthelatestquotareview,orthe15thquotareview."ThiscouldseriouslyhampertheeffectivenessoftheIMFsroleinacrisis,astheonlysourcewhichIMFcouldrelyuponwithcertaintyisitspermanentresources,,"saidIndianFinanceMinisterNirmalaSitharaman,whonotedthatthelackofadequatesupportforaquotaincreaseis"somewhatdisappointing."TheChinesecentralbankgovernor,meanwhile,saidChinais"deeplydisappointed"thattheIMFslatestqu(G20)summitsandtheIMFCmeetingshavemadeseveralcommitmentstoasuccessfulconclusionofthe15thquotareview,"sothatquotasharesofthedynamiceconomiescanbeincreasedinlinewiththeirrelativepositionsintheworldeconomy,"Yisaid."Thosecommitmentsshouldberespected.""TheIMFshouldcontinuetopushaheadwithquotaandgovernancereforms,whichareaprerequisitefortheIMFtofulfillitsmandate,"sChancelloroftheExchequerSajidJavidsaid"whilewewouldbepreparedtosupportaquotaincrease,wedeeplyregretthatthisprospectwillnotgarnerthesupportneededforapprovalofthe15thGeneralReviewofQuotas.""WeregretthatsuchasolutionwouldnotdeliveranyrealignmentofquotastowardsdynamiceconomiesandthereforeareopentotheideasproposedbytheIMFthatensureprogresstowardsthisobjectiveaspartoftimelyprogresswiththe16thGeneralReviewofQuotas,""atemporarysetback,"Sitharamansaidshehopesthediscussionsinthenext(16th)roundofthegeneralreviewofquotaswouldachievesuccessintermsofquotaincreasetotakecareoftheFund,,madeupofquotas,itsmainsourceoffinancingandbasedbroadlyoneachmembersrelativepositionintheworldeconomy,theNewArrangementstoBorrow,amultilateralborrowingmechanismthatprovidesadditionallendingresources,andtheBilateralBorrowingAgreements,afurtherboosttotheIMFoballenderscurrentresourceenvelope,anddelayedanyquotachanges."Wenotethelackofprogressonaquotaincreaseunderthe15thReviewandcallontheExecutiveBoardtocompleteitsworkonthe15thReviewandonapackageofIMFresourcesandgovernancereforms,andtoreporttotheBoardofGovernorsassoonaspossible,"theIMFCsaidinastatement."Beyondthe15thReview,wearecommittedtorevisitingtheadequacyofquotasandcontinuingtheprocessofIMFgovernancereformunderthe16thGeneralReviewofQuotas,includinganewquotaformulaasaguide,withtheReviewtobeextendedfrom2020tonolaterthanDecember15,2023,"s14thquotare,some6percentofquotashareswereshiftedtowardemergingmarkets,,,canstillvetoanyboostinanymembersIMFquota,asanysuchchangerequiresan85percentweightedmajorityvoteofitsmembers.。

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