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8h ago

IMF-World Bank Meetings Open Under US-China Trade Flare-Up

Georgieva urges the G20 to confront mounting debt pressures.

The IMF-World Bank Annual Meetings kick off in Washington, DC on October 13, 2025. Photo by Katherine Golden/Atlantic Council.
Signage for the International Monetary Fund (IMF) and World Bank Group (WBG) 2024 Annual Meetings is seen at the IMF secondary headquarters, in Washington, D.C., on Monday, October 21, 2024. (Graeme Sloan/Sipa USA)
Kristalina Georgieva, managing director of the International Monetary Fund, says fears that “trade is dead” are overblown.
International Monetary Fund Managing Director Kristalina Georgieva attends an International Monetary and Financial Committee press briefing at the 2025 annual IMF/World Bank Spring Meetings in Washington, D.C., U.S., April 25, 2025. REUTERS/Elizabeth Frantz/File Photo

Overview

  • President Trump’s threat of 100% tariffs on China, following Beijing’s new export controls, set the tone for the week and jolted markets.
  • Kristalina Georgieva said global growth is holding near 3% with high uncertainty and pledged to keep pressing major economies to address sovereign debt and liquidity strains.
  • Washington deepened support for Argentina as the US Treasury finalized a $20 billion currency-swap framework and bought pesos to stabilize the country’s finances.
  • Syria’s new government is sending officials to Washington after the Senate repealed the Caesar Act, reopening conversations about reconstruction and financial safeguards.
  • Delegations will weigh Ukraine financing, G7 and G20 coordination, and the IMF’s tougher focus on trade imbalances tied to China, with substantive bargaining expected behind closed doors.