国际英语资讯:IMF chief urges policymakers to steer clear of all protectionist measures_时事

国际英语资讯:IMF chief urges policymakers to steer clear of all protectionist measures

WASHINGTON, April 19 -- Christine Lagarde, Managing Director of the International Monetary Fund (IMF), on Thursday urged policymakers to steer clear of all protectionist measures amid rising trade tensions between the United States and its major trading partners.

"Trade restrictions have not been proven helpful and we suspect that they might even dent confidence," Lagarde said at a press conference during the spring meetings of the IMF and the World Bank, adding all countries should "work together to resolve disagreements without using exceptional measures."

While the actual impact of current trade tensions on global growth "is not very substantial" in terms of gross domestic product (GDP), it's difficult to measure the erosion of confidence in the short term with investors reluctant on investing, Lagarde said.

国际英语资讯:IMF chief urges policymakers to steer clear of all protectionist measures1

The IMF chief suspected that trade tensions will be discussed among many bilateral meetings this week, particularly in a meeting of the International Monetary and Financial Committee (IMFC) on Saturday, as finance ministers and central bank governors recognize that trade and investment are the two key engines of global growth.

"We believe that each country can do more from looking at its own domestic policies to helping those affected" by the dislocation from technology and trade, she said.

Lagarde also called for policymakers using current growth momentum to step up structural reforms, build policy buffers and guard against fiscal and financial risks.