Finance leaders downplay differences with Trump over trade

24 April, 2017, 05:59 | Author: Valerie Burke
  • World Bank President Jim Yong Kim talks to actor Matt Damon at the World Bank and IMF's spring meeting in Washington

Lagarde, who spoke at the opening news conference of the International Monetary Fund and World Bank Spring Meetings in Washington, said there was no single country in the world with negative forecast for this year even as the world economy is projected to grow at 3.5 per cent this year.

But as the International Monetary Fund raised its forecast for global economic growth to 3.5 percent for this year - a rare upward revision - Lagarde said it is time to address these concerns from "an economic point of view", to help spread the benefits of growth to marginalized groups.

"From the various contacts that I've had with the administration so far, I have every reason to believe that we will make progress, that we will cooperate all together in order to support and indeed improve the system as we have it", she said.

Despite Lagarde's status as the head of an worldwide organization that espouses globalization, and Mnuchin's position as Treasury secretary for a president who rode to victory in part by harshly criticizing such forces, the conversation was gentle and the pair joked at times throughout the half-hour event.

"The G-20 consensus on issues such as free trade and combating climate change is crumbling in the face of the Trump administration's hostility to those positions", Prasad said.

"We need to make sure that this momentum is sustained and that we continue to have that growth and, more importantly, that that growth is shared more equitably", Lagarde said.

World finance leaders, confronted by a growing backlash against globalization, will seek to build support for free trade by finding ways to help those left behind. "That requires a level playing field ... not protectionist measures".

France is to hold the first round of presidential elections on Sunday.

World Bank President Jim Yong Kim talks to actor Matt Damon at the World Bank and IMF's spring meeting in Washington

"We were at each other's throats for centuries", Ms Lagarde added.

"It would certainly entail major disorder", she said. "I've been saying that for two years", she said. They took their anger to the voting booth previous year.

Meanwhile, German Finance Minister Wolfgang Schäuble called on the Trump Administration not to turn its back on trade liberalisation.

Terri Ford of the AIDS Healthcare Foundation said that 75 percent of the world's poor and the majority of people living with HIV/AIDS reside in countries which the World Bank now classifies as some bracket of middle-income.

The United States will be represented at the meetings by Treasury Secretary Steven Mnuchin and Federal Reserve Chair Janet Yellen.

At his news conference on Friday, Schaeuble dodged questions about whether other nations expressed concerns about Trump's "America First" trade rhetoric during the G20 meetings.

Whether U.S. growth shows a sustainable pickup may depend in part on an economic shake-up promised by candidate Donald Trump that hasn't quite taken shape since he took office. "That is fair", he said.

Children's Advocacy Center to host Balloon Release on April 28, 2017
Should your child experience sexual abuse , don't judge your child, but seek help immediately. In 2016, Arkansas received 35,493 calls to the Child Abuse Hotline reporting suspected abuse.

How the 'Facebook Killer' Was Caught Thanks to Quick-Thinking McDonald's Workers
Almost two days after Steve Stephens fatally shot Godwin in cold blood, two of his daughters met with Joy Lane for the first time. Green, a former court clerk, was "dumbfounded" when she found out about the murder video a day later, and promptly called him.

Guardiola relying on FA Cup to salvage first season at City
He took two views on Friday. "If you ask the neutrals, maybe they would say City are favourites". After a good start in the season, Arsenal somehow lost their form on the way.


  • Supply ship named for John Glenn arrives at space station

    Supply ship named for John Glenn arrives at space station

    And our promise to you is that we will always strive to provide indispensable journalism to our community. Some of you have even followed through with subscriptions, which is especially gratifying.
    China launches its 1st unmanned cargo spacecraft

    China launches its 1st unmanned cargo spacecraft

    After the first docking, aerospace engineers will test the controlling ability of the cargo spacecraft over the two spacecraft. To complete the mission, Tianzhou-1 has a new supply system, similar to tubing and oil guns, with high accuracy and sealing.

    This Fox News Host Suggested His Coworker Was Giving America an Erection

    In an internal memo circulated Wednesday, Fox said the decision to remove O'Reilly was made in collaboration with outside counsel.
  • Call of Duty: WWII: 3 new images and a teaser

    Players will also enjoy exciting new ways to interact and socialize with their friends and the Call of Duty community. Call of Duty games have sold more than 250 million copies since 2003, generating more than $15 billion in revenues.

    Nintendo Switch Celebrates Second Biggest Platform Launch Since 1995

    Speaking of the Switch , it managed to outsell both the Xbox One and PlayStation 4 in March, despite its limited availability. And with the full NPD results now available to the public, we can see firsthand just how successful the Switch launch was.
    More Russian Spy Planes, Bombers Approach Alaskan Airspace

    More Russian Spy Planes, Bombers Approach Alaskan Airspace

    It was "an attempt to come up as close as they could to our worldwide borders to see what our reaction would be". The U.S. had also scrambled jets to meet two Tu-95 bombers on Monday, after which the Russian planes flew away.
  • Images show North Koreans playing volleyball at nuclear test site

    Images show North Koreans playing volleyball at nuclear test site

    In the same interview, he threatened the USA with "all-out" war if military action is taken against North Korea's weapons program. While North Korea lacks the capability to seriously damage the US , the country presents an immediate threat to its neighbors.
    EBay plans to close sale to Flipkart in second half of year

    EBay plans to close sale to Flipkart in second half of year

    In exchange for an equity stake, eBay will make a $500 million cash investment in and sell its eBay .in business to Flipkart. Non-GAAP operating margin reduced to 30.0% in the first quarter of 2017, contrast to 33.40% for the same period past year .
    Starbucks Unicorn Frappuccino sparks backlash from baristas

    Starbucks Unicorn Frappuccino sparks backlash from baristas

    The drink is available only until Sunday. "Here at Starbucks, your enjoyment is our goal", the commercial says. It also has to be said that the drink perhaps wasn't designed with taste as a primary consideration.
  • SC Questions Centre For Making Aadhaar Mandatory For PAN Cards

    SC Questions Centre For Making Aadhaar Mandatory For PAN Cards

    Datar submitted that the amendment in statute stated that if one does not give Aadhaar number his or her PAN card would become invalid.
    Nadal shuts out 10th French Open talk

    Nadal shuts out 10th French Open talk

    Nadal lost his first two service points in the following game before recomposing himself and winning for a 5-3 lead. He secured the 76-minute match on a double fault by Ramos-Vinolas to repeat as champion.
    Trump Plans 'Big Rally' to Mark His 100th Day in Office

    Trump Plans 'Big Rally' to Mark His 100th Day in Office

    President Donald Trump said in a tweet Saturday that he will be holding a "BIG" rally next weekend in Pennsylvania. The campaign listed on its website an event scheduled for that night at 7:30 Harrisburg, Pennsylvania.


Authorities say 5 dead in New York City fire
Two firefighters were injured in the blaze as well, but the extent of their injuries were not clear, an FDNY spokesman said. New York City officials say five people are dead and multiple people have been injured in a house fire.

'The Fate of the Furious' laps new films at box office
From that it has made $ 745 million overseas and this means it is the highest grossing movie at the 2017 foreign box office. The domestic thriller follows a vengeful character played by Katherine Heigl plotting against Rosario Dawson's character.

Carter Page: Reports on Trump campaign, Russian Federation are 'false narratives'
Campaign officials say there's no indication Page ever attended any national security meetings at Trump Tower. "You never met Mr. In the months that followed, they said , more evidence came to light, including intercepts of Russian officials discussing Mr.

Arkansas asks court to lift inmate's stay
A federal judge has halted Arkansas' already compromised plan to execute several inmates over an 11-day period starting next week. Arkansas planned to execute the eight before its supply of lethal injection drugs expires at the end of the month.

Queen Elizabeth II celebrates 91st birthday
And later there was forged a lasting friendship between the new nation and the country to whom she owed so much of her origins. And when she was 18, she was given a corgi called Susan, sparking a lifelong affection for the dog breed.

International Monetary Fund members set aside trade split as French vote rattles nerves
Trump is contemplating whether to make good on his campaign promise to withdraw from the deal. Treasury Secretary Steven Mnuchin, by comparison, don't refer to resisting protectionism.

Hawaii gives Jeff Sessions a geography lesson
Earlier this week, Sessions drew media attention when he scoffed at District of Hawaii judge, Derrick Watson . When asked whether he wished he had phrased his words differently, Sessions said, "Well, I don't know that".

Aus Visa move: Impact 'negligible' on Indian workers, assures MEA
It has also said it will "tweak" its business model to continue to be in compliance with regulations. Indian IT firms, however, put a fearless face to the impending changes being mooted by the US.

Katy Perry posts picture of Hindu goddess Kali, gets slammed online
Katy recently caused a stir when fans believed she had taken a swipe at pop rival Taylor Swift, during her Vogue interview . Speaking about her religion, Perry had earlier denounced her birth religion Christianity, according to CBS .

Bulls guard Rajon Rondo out indefinitely with fractured thumb
There was the big trade last summer when the Bulls sent hometown favorite and former MVP Derrick Rose to NY after going 42-40. With Rondo out, Chicago will have to turn to Jerian Grant or Michael Carter-Williams to handle their point guard duties.