imf warns of protectionist measures taken by countries
Thursday 12 June 2025
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Amid fears in Asia

IMF warns of protectionist measures taken by countries

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleIMF warns of protectionist measures taken by countries

International Monetary Fund
London - Muslimchronicle

Protectionist sentiment has not yet gone beyond mere words, International Monetary Fund Managing Director Christine Lagarde said on Wednesday, but would hurt Asian economies with open and free markets if it did.
Lagarde brushed off the concerns of some investors that the divergent monetary paths of major central banks could disrupt Asian capital flows, stressing that policymakers had the tools and means of communication needed to prevent market upheaval.
Global policymakers have raised concerns over US President Donald Trump’s “America First” agenda that aims to slash US trade deficits, via which Washington appears to be walking away from or extensively renegotiating multilateral trade arrangements in favor of country-by-country deals.
Lagarde said that while protectionism had not so far been seen “other than in words,” trade deals must be improved in a way that included people who felt left behind by globalization.
“If there was protectionism, it would hurt economies that are very open, and based on free and fair movement of goods and services,” Lagarde said during a visit for the 20th anniversary of the IMF’s Asia-Pacific regional office in Tokyo.
“To continue to have trade as a global engine for growth, trade deals need to be improved,” she said, adding trade pacts had to include rules on labor practices and intellectual property.
Lagarde said trade deals must be “rules based” and make use of existing dispute-settlement mechanisms such as the World Trade Organization, though she declined to say whether Trump’s trade policies complied with these rules.
The IMF head said there had been no massive capital outflows from Asia thanks to central bankers’ cautious approach and clear communication around their policy shifts.
“We believe these conditions can help to ensure that monetary policy changes do not provoke unnecessary capital flow movements,” she said.
Lagarde said she would draw a “slight distinction” between the pace of policy shifts to be adopted by the US Federal Reserve and the European Central Bank.
She noted that the Fed was expected to raise interest rates steadily in coming months, while the European Central Bank had stressed that its quantitative easing would continue and interest rates would remain low for a long period of time.
“You can’t put the two — the Fed and the ECB — in the same basket,” she said. Lagarde said Bank of Japan Governor Haruhiko Kuroda was acting appropriately by pledging to maintain the BOJ’s massive stimulus program until inflation accelerates.
“One of the strengths of central bankers is to be very clear in their communication and determined in their resolve, which clearly Governor Kuroda has demonstrated,” she said.
“One thing that is unanimously recognized is his resolve and clear determination to stay the course and to adjust when the circumstances would so require.”
 

 

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

imf warns of protectionist measures taken by countries imf warns of protectionist measures taken by countries

 



Themuslimchronicle, themuslimchronicle

GMT 08:28 2018 Saturday ,20 January

Egypt's President Sisi says will stand for re-election

GMT 05:58 2017 Saturday ,25 February

US new home sales rise in January

GMT 08:50 2016 Tuesday ,22 November

Withdraws controversial conviction bill

GMT 07:10 2018 Tuesday ,16 January

Hall of Famer Rodman arrested

GMT 11:50 2011 Saturday ,04 June

Baby girl killed in car crash on Palm Island

GMT 07:34 2018 Sunday ,07 January

Spain king pays homage to father Juan Carlos

GMT 14:20 2016 Thursday ,22 September

At the International Literature Berlin

GMT 22:03 2017 Thursday ,13 July

Ayman Zabib sad for his mother’s death

GMT 09:50 2017 Thursday ,02 November

A mixed picture for US cars sales

GMT 04:57 2017 Sunday ,03 December

Trump again insists 'no collusion' with Russia

GMT 15:25 2013 Monday ,15 April

Army bases in Damascus become prisons

GMT 18:00 2013 Monday ,03 June

New French school in Doha

GMT 16:50 2017 Sunday ,23 April

Tunisian gangs store quantities of expired food

GMT 14:06 2016 Tuesday ,11 October

Russia ready to join OPEC crude production curbs

GMT 15:47 2011 Wednesday ,03 August

Striking Chinese taxi drivers back at work
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle