Lagarde Says Global Economy Struggling to Reach ‘Cruising Speed’
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International Monetary Fund Managing Director Christine Lagarde reiterated her call for a “new multilateralism” to overcome a mediocre global recovery and solve problems such as climate change, gender bias and income inequality.
“Many of the challenges we face represent a collective threat, and call for a cooperative response,” Lagarde said today in accepting Foreign Policy magazine’s diplomat of the year award in Washington. “It is only by acting collectively that an individual country’s self-interest can be achieved.”