IMF’s Lagarde to discuss China's reform in the midst of economic slowdown

by Trust Matsilele 0

The International Monetary Fund’s (IMF) managing director Christine Lagarde is set to discuss China’s ongoing reform and opportunities for collaboration on her schedulled visit next week visit.

Lagarde will visit two of the leading economies in the BRICS block, China and India.

Her visit takes place on the backdrop of China’s slowing economic growth which has had negative implications for emerging economies. 

(READ MORE: China makes strides in reform development)

In China, Lagarde will meet with the country’s leadership and senior officials, including People’s Bank of China Governor Zhou Xiaochuan and finance minister Lou Jiwei.

According to an IMF statement, the meetings will also discuss the latest developments in the global economy, China’s ongoing reform efforts, and collaboration between the IMF and China.

“She will have a town hall meeting with students at Fudan University in Shanghai and speak at the opening ceremony of the 2015 China Development Forum (CDF), as well as on a CDF panel on “Sound Monetary Policy in the New Normal” in Beijing,” said the organisation.

The visit is scheduled for March 16—23.

Lagarde will also meet with policymakers and senior officials, as well as with representatives of other sectors of society including business, women leaders, academics and students.

In India, Lagarde will meet with Prime Minister Narendra Modi and senior officials including Finance Minister Arun Jaitley, and Reserve Bank of India (RBI) Governor Raghuram Rajan.

(READ MORE: India’s investment interests in Africa sharpening)

In addition, she will give a speech at Lady Sri Ram College in Delhi, and participate in a public event hosted by RBI in Mumbai.  

“The visit presents an opportunity to exchange views on recent economic developments, India’s prospects and its role in the global economy,” added the IMF.