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IMF urges G20 leaders to avoid 'myopic' trade policies

Rules-based and open trading system was vital for world prosperity, IMF added

Reuters  |  Washington 

The International Monetary Fund on Wednesday urged leaders of the Group of 20 major economies to avoid "myopic" nationalistic policies and to work together in agreed forums to resolve their trade and economic differences. In a pointed message before US President Donald Trump's first G20 summit in Hamburg, Germany later this week, the IMF said in an economic briefing note to the leaders that a rules-based and open trading system was vital for world prosperity. "Myopic pursuit of zero-sum policies can only end by hurting all countries, as history shows," the ...

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First Published: Wed, July 05 2017. 23:00 IST