IMF Managing Director Kristalina Georgieva emphasized the need for a fairer, rules-based trading system between the US and China, citing trade grievances from both countries. She welcomed India's decision to reduce trade barriers, suggesting that similar tariff cuts could occur in other regions as negotiations over US President Donald Trump's tariffs continue.
https://www.scmp.com/opinion/asia-opinion/article/3306715/trumps-tariffs-sound-death-knell-us-australia-alliance?module=top_story&pgtype=sectionIMF Chief Georgieva warns of three major consequences for the global economy due to current tariff tensions, including increased uncertainty, reduced growth, and eroded productivity in smaller economies. She calls on countries to address internal and external macroeconomic imbalances, with a focus on China's low private consumption, the US's rapidly rising government debt, and the EU's competitiveness. Georgieva advocates for a more level playing field through trade policy, aiming to secure lower tariff rates and reduce nontariff barriers, while also promoting central bank independence and private sector adjustment time.
https://www.gulftoday.ae/business/2025/04/17/world-economy-likely-to-avoid-recession-despite-tariffs-imfThe International Monetary Fund's Managing Director, Kristalina Georgieva, has stated that the global economy is unlikely to experience a recession despite the impact of US President Donald Trump's tariff rollout. The IMF now expects "notable" markdowns to growth but no recession, citing trade disruptions as a major concern. Georgieva warned that uncertainty is costly for businesses and can hinder planning, while tariffs can stifle growth and push up inflation in the short term. She called on countries to address internal and external macroeconomic imbalances, with specific recommendations for China, the US, and the European Union. The IMF aims to promote a more resilient world economy by reducing tariff rates and non-tariff barriers, allowing private agents time to adjust and deliver.
https://www.ndtv.com/world-news/global-economy-likely-to-avoid-recession-despite-tariffs-imf-chief-8189249The International Monetary Fund (IMF), United Nations High Commissioner for Refugees (UNHCR), and International Organization for Migration (IOM) are urging governments to adopt forward-thinking policies that view migration as a chance to capitalize on its benefits, rather than trying to control it. This shift in approach is aimed at harnessing the potential of mobility to drive economic growth, cultural exchange, and innovation, while also addressing concerns around security and integration.
https://africanews.com/2025/04/17/migration-and-refugee-policies-key-to-economic-growth-say-un-and-imf-experts/The International Monetary Fund (IMF) is advising Bangladesh to carefully manage its monetary policy to prevent premature softening of inflation expectations. According to Chris Papageorgiou, the IMF's Mission Chief for Bangladesh, this will help anchor inflation expectations while allowing for greater exchange rate flexibility, which in turn will support price competitiveness and rebuild foreign exchange reserve buffers, ultimately strengthening the country's economy against external shocks.
https://www.tbsnews.net/economy/near-term-policy-tightening-essential-address-external-financing-gap-ensure-inflationIndia plans to navigate global economic disruptions with a flexible policy approach and long-term investments, according to Finance Minister Nirmala Sitharaman. The government aims to mitigate the impact of US tariffs on Indian exports by diversifying its trade relationships and investing in domestic industries. This strategy is expected to help India's economy weather the challenges posed by global market fluctuations.
https://www.livemint.com/economy/india-will-navigate-global-disruptions-with-policy-agility-long-term-investments-nirmala-sitharaman-amid-us-tariffs-11744888333670.htmlIndia and China are expected to reach a consensus on visa issues ahead of their 75th anniversary of diplomatic relations. External Affairs Minister S Jaishankar stated that India's relationship with China has improved, citing discussions on the Kailash Mansarovar Yatra, direct flights, and pandemic-era disruptions as key areas of focus. The resumption of the yatra is expected to boost tourism and people-to-people exchanges between the two countries. A recent agreement on patrolling arrangements in the Depsang Plains and Demchok was reached in October 2024, following several rounds of talks between India and China.
https://www.ndtv.com/india-news/kailash-mansarovar-yatra-will-happen-this-year-foreign-ministry-mea-8188720#pfrom=home-ndtv_mainnavigationIndia and China have met in Beijing to discuss ways to rebuild relations, including the resumption of direct flights and the Kailash Manasarovar Yatra. The two countries agreed to initiate people-to-people exchanges and resume dialogue mechanisms in a "step-by-step" manner to address each other's priority areas of interest and concern. The meeting was held between Indian joint secretary Gourangalal Das and Chinese director general Liu Jinsong, following previous meetings including those led by National Security Adviser Doval and Foreign Secretary Vikram Misri.
https://indiatoday.in/india/story/kailash-mansarovar-yatra-resume-agreement-china-resume-flights-randhir-jaiswal-2710608-2025-04-17India plans to expand its trading relations with countries that offer fair deals, aiming for equitable and balanced free trade agreements. The India-Middle East-Europe Economic Corridor (IMEC) will promote trade, simplify logistics, and reduce costs by creating vast networks of roads, railways, and shipping routes among India, Saudi Arabia, the US, and Europe. The corridor's formation was announced at the G20 Summit in Delhi last year, with agreements signed by India, Saudi Arabia, the European Union, the UAE, and other G20 partners. To finance the project, innovative models such as green bonds could be explored, and regulatory practices will need to be harmonized among participating nations. The corridor's success depends on public-private partnerships, which will make it financially viable and ensure seamless trade across continents.
https://www.ndtv.com/india-news/india-to-expand-ties-with-nations-offering-balanced-free-trade-deals-piyush-goyal-8181787