IMF Vows to Maintain Global Economic Stability Amid Geopolitical Shifts

The International Monetary Fund (IMF) has reiterated its dedication to maintaining global economic and financial stability, amidst a rapidly changing geopolitical landscape.

In her remarks at the IMF's first press briefing of the year, Communications Director Julie Kozack emphasized the Fund's unwavering commitment to its mandate. "We have a clear and defined responsibility to support economic and financial stability globally, and to promote growth and employment in the world economy," she stated.

The IMF's reaffirmation comes at a time when the United States, under the new administration, is pursuing an "America First" agenda, which has sparked concerns about the country's engagement with global institutions. However, the IMF remains resolute in its commitment to serving its membership, including the US, which is the Fund's largest shareholder.

Ms. Kozack underscored the IMF's long history of collaboration with successive US administrations, expressing confidence in the Fund's ability to continue working effectively with its largest shareholder.

“We have a clearly defined mandate to support economic and financial stability globally and just ultimately support growth and employment in the world economy. We are continuing as an institution to remain laser-focused, of course, on that mandate. And we, as a global institution, take our responsibility to serve our membership very, very seriously.

“And we will continue to do everything that we need to do to serve our membership in the best possible way. You know, we do, as I said, have a long history of working with successive U.S. administrations, and we look forward to continuing to do so as an institution for which the U.S. is our largest shareholder,” she added.

Source: Lead News Online