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In her speech at the second Elora conference of emerging market economies, International Monetary Fund Managing Director Georgieva emphasized that two policy priorities are particularly important in the current context. The first is to release the growth potential led by the private sector through simplifying procedures, deepening financial markets, strengthening institutional construction, and improving governance. The second is to strengthen regional and cross-regional integration, seize new opportunities for cooperation, consolidate the role of trade in driving economic growth through lowering trade barriers and deepening integration.