{"id":44336,"date":"2025-04-26T20:58:18","date_gmt":"2025-04-26T20:58:18","guid":{"rendered":"https:\/\/www.africa-press.net\/eritrea\/all-news\/imf-chief-urges-countries-to-act-swiftly-to-resolve-trade-tensions"},"modified":"2025-05-09T09:35:54","modified_gmt":"2025-05-09T09:35:54","slug":"imf-chief-urges-countries-to-act-swiftly-to-resolve-trade-tensions","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eritrea\/all-news\/imf-chief-urges-countries-to-act-swiftly-to-resolve-trade-tensions","title":{"rendered":"IMF chief urges countries to act swiftly to resolve trade tensions"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Eritrea. <\/strong><\/span>International Monetary Fund (IMF) Managing Director Kristalina Georgieva stressed Thursday that uncertainty is very costly and called for a quick resolution of tensions and compromise on trade policies.<\/p>\n<p>Speaking at a press conference on the IMF&#8217;s 2025 global policy agenda, Georgieva said \u201cmajor trade policy shifts have spiked uncertainty off the charts, accompanied by tighter financial conditions and high market volatility.&#8221;<\/p>\n<p>She pointed out that the world economy is facing a new and big test with its depleted buffers, which puts countries in a difficult situation.<\/p>\n<p>&#8220;Countries need to work constructively to resolve trade tensions as swiftly as possible, preserving openness and removing uncertainty. A trade policy settlement among the main players is essential.&#8221;<\/p>\n<p>Georgieva said that in an environment of uncertainty, companies are not investing and households are saving instead of spending, further dampening already weak growth prospects.<\/p>\n<p>Emphasizing that countries also need to address the imbalances that fuel many of the tensions between major economies, she said: \u201cSome countries, like China, need to act to boost private consumption and embrace the shift to services. Others, like the US, need to reduce their fiscal deficits.\u201d<\/p>\n<p>Georgieva said that all countries should reduce both tariff and non-tariff trade barriers.<\/p>\n<p>She also said that countries should take action to maintain economic and financial stability, pointing to the importance of growth-oriented reforms to increase productivity.<\/p>\n<p>Pointing to US Treasury Secretary Scott Bessent&#8217;s call for the IMF and the World Bank to refocus on their core missions, Georgieva said they highly value the voice of the US, that there is a road ahead and that they are focused on this issue.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Eritrea<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Eritrea. International Monetary Fund (IMF) Managing Director Kristalina Georgieva stressed Thursday that uncertainty is very costly and called for a quick resolution of tensions and compromise on trade policies. Speaking at a press conference on the IMF&#8217;s 2025 global policy agenda, Georgieva said \u201cmajor trade policy shifts have spiked uncertainty off the charts, [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":44335,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[171,233,994,1225,6379,6853,304],"class_list":["post-44336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-china","tag-eritrea","tag-imf","tag-kristalina-georgieva","tag-tariffs","tag-trade-tensions","tag-us"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IMF chief urges countries to act swiftly to resolve trade tensions - Eritrea<\/title>\n<meta name=\"description\" content=\"International Monetary Fund (IMF) Managing Director Kristalina Georgieva stressed Thursday that uncertainty is very cost ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eritrea\/all-news\/imf-chief-urges-countries-to-act-swiftly-to-resolve-trade-tensions\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF chief urges countries to act swiftly to resolve trade tensions\" \/>\n<meta property=\"og:description\" content=\"International Monetary Fund (IMF) Managing Director Kristalina Georgieva stressed Thursday that uncertainty is very cost ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/eritrea\/all-news\/imf-chief-urges-countries-to-act-swiftly-to-resolve-trade-tensions\" \/>\n<meta property=\"og:site_name\" content=\"Eritrea\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-26T20:58:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-09T09:35:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2025\/04\/sm_1745686925.25023.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/imf-chief-urges-countries-to-act-swiftly-to-resolve-trade-tensions#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/imf-chief-urges-countries-to-act-swiftly-to-resolve-trade-tensions\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IMF chief urges countries to act swiftly to resolve trade tensions\",\"datePublished\":\"2025-04-26T20:58:18+00:00\",\"dateModified\":\"2025-05-09T09:35:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/imf-chief-urges-countries-to-act-swiftly-to-resolve-trade-tensions\"},\"wordCount\":292,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/imf-chief-urges-countries-to-act-swiftly-to-resolve-trade-tensions#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2025\/04\/sm_1745686925.25023.jpg\",\"keywords\":[\"CHINA\",\"Eritrea\",\"IMF\",\"Kristalina Georgieva\",\"tariffs\",\"trade tensions\",\"US\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/eritrea\/all-news\/imf-chief-urges-countries-to-act-swiftly-to-resolve-trade-tensions#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/imf-chief-urges-countries-to-act-swiftly-to-resolve-trade-tensions\",\"url\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/imf-chief-urges-countries-to-act-swiftly-to-resolve-trade-tensions\",\"name\":\"IMF chief urges countries to act swiftly to resolve trade tensions - 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