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International Monetary Fund (IMF) Managing Director Kristalina Georgieva has emphasized the detrimental impact of rising trade barriers on the global economy. Speaking at an international forum, Georgieva likened trade to water, stating that “it can buoy or sink economies.”
“Increasing trade barriers not only impose additional costs on importers and consumers but also hinder economic growth,” Georgieva said. “When countries impose tariffs and restrictions, it burdens trading partners and slows down the flow of goods and services that are essential for economic prosperity.”
Georgieva’s remarks highlight growing concerns about protectionist policies and their potential to disrupt global supply chains. The IMF has consistently advocated for open and fair trade practices, noting that cooperation among nations is crucial for sustained economic development.
“In a world that is more interconnected than ever, we must work together to ensure that trade remains a force for good,” Georgieva added. “By dismantling barriers, we can promote innovation, increase efficiency, and improve living standards worldwide.”
The IMF continues to urge policymakers to consider the long-term effects of trade restrictions and to pursue strategies that foster economic inclusivity and resilience.
