At a meeting in Bali, Indonesia, on 10 October, the heads of four international organisations issued a strong call to ease trade tensions and refocus on the importance of trade and the multilateral trading system in fuelling economic growth. This call was made by Director-General Roberto Azevedo, together with IMF Managing Director Christine Lagarde, World Bank President Jim Kim and OECD Secretary General Angel Gurria, at a jointly-organised conference under the theme “How global trade can promote growth for all.”
In his speech, Mr. Azevedo said:
“The trading system is not perfect – but it represents the best efforts of governments around the world, working together for 70 years, to find ways to cooperate on trade issues. It took a lot of people and a lot of time to push the boulder this far up the hill. Even keeping it in place requires constant effort."
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From right to left: IMF Managing Director Christine Lagarde, World Bank President Jim Kim, Director-General Roberto Azevedo, and and OECD Secretary-General Angel Gurria.