Pan Gongsheng, Governor of the People's Bank of China, attended the 51st meeting of the International Monetary and Financial Committee.
On April 24-25, 2025, the International Monetary Fund held its 51st International Monetary and Financial Committee meeting in Washington, D.C., United States. The meeting discussed global economic and financial situations, as well as the work of the IMF. Pan Gongsheng, Governor of the People's Bank of China, attended the meeting and delivered a speech. Xuan Changneng, Deputy Governor of the People's Bank of China, also participated in the meeting. The meeting recognized that the world economy is at a critical turning point. Recent trade tensions have escalated, leading to uncertainty and market volatility, posing risks to economic growth and financial stability. The meeting reiterated support for a strong, quota-based, well-resourced IMF as the core of the global financial safety net, and expected countries to quickly complete the domestic approval process for the quota increase under the 16th General Review of Quotas. The meeting believed that the adjustment of quota shares should aim to better reflect the relative weight of members in the global economy while also protecting the representation of the poorest countries.
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