At the conclusion of the G20 meeting of Finance Ministers and Central Bank Governors in Fukuoka, Japan on 09 June, Managing Director of the International Monetary Fund Christine Lagarde highlighted the importance of working together to tackle global economic imbalances, which have become increasingly concentrated in advanced economies.
She stated that the first priority should be to resolve the current trade tensions, including eliminating existing tariffs and avoiding new one, while continuing to work toward the modernization of the international trade system.
She also called for cooperation in other areas: in international tax,to ensure a globally fair and modern system; in the financial sector, to ensure a system grounded in agreed international standards, and in the area of debt, particularly for low-income countries, where cooperation is essential to ensure sustainability.