Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Hindu
The Hindu
National
Reuters

IMF managing director to attend G20 summit in Delhi after trips to China and Indonesia

International Monetary Fund Managing Director Kristalina Georgieva will visit China from Wednesday to meet with top leaders, before travelling to Indonesia and India for ASEAN and Group of 20 summits, an IMF spokesperson said on Tuesday.

"During August 30 to September 3 the Managing Director will be visiting China to engage in bilateral discussions with China's senior leadership team," they said.

Ms. Georgieva will then travel to Jakarta to participate in a summit of leaders of the Association of Southeast Asian Nations (ASEAN) before attending the G20 meeting for heads of state and government in New Delhi.

Last month, the IMF raised its 2023 global growth estimates slightly given resilient economic activity in the first quarter, but warned that persistent challenges were curtailing the medium-term outlook.

The lender projects global real gross domestic product growth of 3% in 2023, up 0.2% point from its April forecast, but left its outlook for 2024 unchanged, also at 3%.

The Fund left its forecast for China unchanged, predicting the world's second-largest economy will grow by 5.2% this year, up from a COVID-subdued 3% in 2022, before falling to 4.5% in 2024, warning that China's recovery was underperforming and that a deeper contraction in the real estate sector remained a risk.

Ms. Georgieva will be in Jakarta from Sept. 4 to Sept. 7 and New Delhi from Sept. 8 to Sept. 10, the spokesperson added.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.