U.S. President Joe Biden and International Monetary Fund (IMF) Managing Director Kristalina Georgieva listen, as Peruvian President Dina Boluarte speaks at the Leaders Retreat during the Asia-Pacific Economic Cooperation (APEC) Summit in San Francisco, California, U.S., November 17, 2023. REUTERS/Loren Elliott Acquire Licensing Rights
SAN FRANCISCO, Nov 17 (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Friday this week’s meeting between U.S. President Joe Biden and Chinese President Xi Jinping is a badly needed signal that the world needs to cooperate more.
“It sends a signal to the rest of the world that we must find ways to cooperate on those challenges where no country on its own can succeed,” Georgieva told Reuters in an interview on the sidelines of the Asia-Pacific Economic Cooperation summit.
The Biden-Xi meeting is “important at a time when geo-economic fragmentation has indeed deepened with negative consequences for the prospects for accelerating growth,” Georgieva said.
Biden and Xi agreed on Wednesday to open a presidential hotline, resume military-to-military communications and work to curb fentanyl production, showing tangible…
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