IMF’s Lagarde: Confident G-20 Will Achieve Target

Christine Lagarde, managing director of the International Monetary Fund (IMF), is confident that the Group of 20 will achieve their target of boosting global growth by 2 percentage points in time for the November summit in Brisbane, she told CNBC on Sunday.

“That’s the commitment, that’s the goal. The fact that the finance ministers have achieved a global commitment of 1.8 [percentage points] of additional growth by the baseline is a strong indication that they will hit the 2 [percentage point] target,” she said at the G-20 meeting in Cairns, Australia.

“I can’t see how by being 10 percent away from the target they would arrive at the Brisbane leaders summit without having reached the 2 [percentage point] target. So I’m confident they will get there,” she said.


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