The election of Joe Biden as US president gives the IMF a chance
to reset its relationship with its largest shareholder and make green
initiatives a bigger part of its global economic recovery plan
By David Lawder
and Andrea Shalal
WASHINGTON (Reuters) - The election of Joe Biden as U.S. president gives the International
Monetary Fund a chance to reset its relationship with the United States,
its largest shareholder, and make green initiatives a bigger part of its global
economic recovery plan.
IMF Managing
Director Kristalina Georgieva sent "personal" letters to
President-elect Joe
Biden and running mate Kamala Harris this week, an IMF spokesman told
Reuters, without providing any details about their contents.
Trump has mounted
legal challenges to the election results, thus far without evidence, but the
Fund typically shies away from publicly commenting on elections until they are
concluded.
Sources familiar
with Georgieva's goals say Biden's commitment to multilateral institutions and
his pledge to re-enter the Paris climate agreement should help the IMF advance
its own targets.
Biden's transition
team did not respond to a question about communications with Georgieva and the
IMF.
One IMF source
said that some member countries are hoping Biden will reconsider the Trump
administration's opposition to new IMF resources, including a general
allocation of new Special Drawing Rights that could boost members' currency
reserves by hundreds of billions of dollars.
No comments:
Post a Comment