The situation in the Middle East is affecting the global economic landscape. Lan Fo’an, China’s Minister of Finance and China’s Executive Director at the World Bank, stated that the current global economic recovery is weak and geopolitical conflicts are continuously escalating. China hopes the World Bank will practice multilateralism and contribute positive energy to safeguarding the current international order.
Lan Fo’an emphasized that, as the world’s second-largest economy and the largest developing country, China’s contribution rate to global economic growth has remained stable at around 30% in recent years, making a positive contribution to global development. China will continue to serve as a major engine for global growth, vigorously expand domestic demand, boost consumption, further unleash the vitality and potential of its enormous market, and share the opportunities and benefits of China’s development with the world.
According to a release on the Ministry of Finance’s website on the 18th, the World Bank held the 113th meeting of the Development Committee in Washington, D.C., USA, on the 16th, where it reviewed and adopted the reports on “Creating an Enabling Environment, Promoting Job Creation and Income Growth” and “2025 Shareholding Review Governors’ Report.”
During the meeting, Lan Fo’an said he hopes the World Bank will mobilize more financial and intellectual resources to help the majority of developing member countries improve infrastructure, optimize the business environment, enhance endogenous development momentum, promote high-quality and adequate employment, and lay a solid foundation for poverty reduction and shared prosperity.
At the same time, he hopes the World Bank will push for substantive progress in equity reform, further increase the voice and representation of developing countries, and safeguard the institution’s own legitimacy and credibility.
On April 16-17, the International Monetary Fund held the 53rd meeting of the International Monetary and Financial Committee (IMFC) in Washington, D.C., USA, where issues such as the global economic and financial situation and the Fund’s work were discussed.