World Economy

Structural Reforms Vital

Structural Reforms VitalStructural Reforms Vital

Structural reforms are important to bolster economic growth and share the benefits broadly, Christine Lagarde, managing director of the International Monetary Fund, said on Sunday after a meeting of G20 ministers, Reuters reported. “Structural reforms are particularly critical, as recent IMF work shows that well-designed structural reforms can lift both short- and long-term growth and make it more inclusive,” she said in a written statement. Further trade liberalization was also “crucial” to enhance productivity and global growth, she added, saying she welcomed the G20’s determination to use “all policy achieve strong, sustainable, balanced and inclusive growth”.