The global economy shows resilience amid wars and trade tensions, but the IMFC chair warns against complacency after nearly half of delegates walked out on Russia's finance minister.
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01Summary
- 01Saudi Finance Minister Mohammed Al-Jadaan, chair of the IMFC, said the global economy is 'remarkably resilient' but cautioned against complacency.
- 02Nearly half of delegates left the room when Russian Finance Minister Anton Siluanov addressed the group at IMFC meetings in Bangkok.
- 03The walkout included delegates from Britain, Germany, France, Denmark, Sweden, Finland, Norway, Lithuania, Latvia and Estonia.
- 04IMF Managing Director Kristalina Georgieva said there was heightened anxiety among members about increasing divergence and geopolitical fragmentation.
- 05The IMFC chair's statement warned that escalating conflicts and trade tensions could disrupt critical trade routes and worsen energy and food security.
02Why it matters
This matters because divisions over Russia's war in Ukraine are disrupting global economic cooperation, which could affect trade, energy prices and financial stability for readers worldwide.
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