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.

CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.