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Friday, 12 October 2018 19:21

The World Urged to be More Cooperative in Tacking Economic Problems

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IMF Managing Director Christine Lagarde IMF Managing Director Christine Lagarde VOI-PANE

The global economy continues to grow firmly, however the growth is unequal across region and people. There are some risks emerge, such as risk to economic stability and prosperity, risk to the principle and institution that underpin international cooperation which deliberate so many benefits to so many people, to so many years. It was stated by IMF Managing Director Christine Lagarde in her speech in the IMF-World Bank Annual Meeting Plenary Session in Nusa Dua Bali on Friday (12/10). She said that Indonesian President Jokowi has recently reminded that it is the cooperation that brings back the world from the brink of global financial crisis.

 

"Not so long ago as President Jokowi reminded us that’s only very cooperation that help bring the world back from the brink of global financial crises. And continues in this region, in the ASEAN region to bring about many benefits because of that cooperation. And that cooperative approach that is adopted by the ASEAN offers important lesson for now, and the cooperation that is likely different from the past. It has to be more inclusive, more people centered and you know what I mean by that," said Lagarde.

Christine Lagarde also said that the world is facing the challenge of the economic landscape. She characterize it in two dimensions. The first dimension is quite familiar to many others include monetary , fiscal and financial layers of economic interaction, the second dimension is more challenging, comprises inequality technology and sustainability. Therefore in tackling the problems she urged to combine domestic policies and people center, and international cooperation. (VOI/DP/AHM)

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