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IMF chiefs send message to Donald Trump in favor of unhindered global trade, the World Bank and the World Trade Organization, after the meetings they had in Berlin with German Chancellor Angela Merkel. As reported by skai.gr, at the joint press conference they gave, The leaders of the three multinational organizations essentially expressed their concerns about the signals of economic nationalism and trade protectionism that the Trump administration has given to the United States. Greece was not mentioned at the press conference, nor were any relevant questions asked by journalists. The issue of the Greek debt was expected to be raised at Christine Lagarde's meeting with Ms. Merkel Ms. Lagarde highlighted the importance of multilateral trade and organizations, while the head of the World Bank, Jim Yong Kim, expressed hope that Donald Trump will show flexibility and understand the positions and importance of global economic organizations. From his side, the director of the WTO, Roberto Azevedo, he emphasized that the global crisis of his decade 1930 exacerbated in part by the unilateral and protectionist responses of some countries. On the contrary, he said, in the wake of his crisis 2008 many countries reacted within the framework of collective institutions. The institutions' message comes less than two weeks before the Spring Meeting of the IMF and the World Bank in Washington, where leaders and central bankers from around the world will meet for the first time since Trump took office.
IMF chiefs send message to Donald Trump in favor of unhindered global trade, the World Bank and the World Trade Organization, after the meetings they had in Berlin with German Chancellor Angela Merkel. As reported by skai.gr, at the joint press conference they gave, The leaders of the three multinational organizations essentially expressed their concerns about the signals of economic nationalism and trade protectionism that the Trump administration has given to the United States. Greece was not mentioned at the press conference, nor were any relevant questions asked by journalists. The issue of the Greek debt was expected to be raised at Christine Lagarde's meeting with Ms. Merkel Ms. Lagarde highlighted the importance of multilateral trade and organizations, while the head of the World Bank, Jim Yong Kim, expressed hope that Donald Trump will show flexibility and understand the positions and importance of global economic organizations. From his side, the director of the WTO, Roberto Azevedo, he emphasized that the global crisis of his decade 1930 exacerbated in part by the unilateral and protectionist responses of some countries. On the contrary, he said, in the wake of his crisis 2008 many countries reacted within the framework of collective institutions. The institutions' message comes less than two weeks before the Spring Meeting of the IMF and the World Bank in Washington, where leaders and central bankers from around the world will meet for the first time since Trump took office.