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IMF's Georgieva urges countries to keep trade as engine of growth
Published by Global Banking and Finance Review
Posted on October 16, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on October 16, 2025
1 min readLast updated: January 21, 2026
IMF's Georgieva stresses the importance of trade in driving global economic growth, urging countries to balance surpluses and deficits amid new US tariffs.
WASHINGTON (Reuters) -International Monetary Fund Managing Director Kristalina Georgieva on Thursday urged member countries to keep trade as an engine of growth for the world economy despite President Donald Trump's steep new tariffs.
Georgieva told a news briefing during IMF and World Bank annual meetings in Washington that countries with large external surpluses like China need to rely more on domestic consumption than exports, while countries with big fiscal deficits, like the United States, need to reduce them.
(Reporting by David Lawder and Andrea Shalal; Editing by Toby Chopra)
International organizations are entities formed by countries to work together on common goals, such as economic development, security, and humanitarian aid, like the IMF and World Bank.
Economic growth refers to an increase in the production of goods and services in an economy over a period, typically measured by GDP, reflecting improved living standards.
The financial community encompasses individuals and institutions involved in the management, investment, and regulation of financial assets, including banks, investors, and regulatory bodies.
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