International Monetary Fund (IMF) Managing Director Kristalina Georgieva, the organization's first Eastern European managing director, gave an exclusive interview to China Media Group.
Kristalina Georgieva said that the IMF had already raised its global economic growth forecast twice this year, with the world economy showing strong flexibility. China, a founding member of the IMF, has used the experience of other countries to develop and establish itself as a global role model.
China has always been an active participant in the international community. In October 2016, the Chinese yuan was officially included in the IMF's basket of reserve currencies along with the dollar, the euro, the British pound and the Japanese yen, becoming the first currency of emerging economies to be included in this prestigious ranking.
Kristalina Georgieva defined the inclusion of the yuan in the basket of reserve currencies as evidence of China's active participation in global governance and its contribution to world development. Along with its growing economic and social strength, China is increasingly participating in the construction of the global governance system. The Asian Infrastructure Investment Bank and the New Development Bank and a number of other multilateral financial institutions have been established on its initiative. "China's solutions" enjoy the support of the international community, especially within developing countries.
The 28th United Nations International Conference on Climate Change, held in Dubai, was a major success with new countries signing up to international decarbonisation targets. Over the past decade, China has played a key role in technological innovation in the photovoltaic, renewable energy and electric vehicle industries and has taken a leading role in these areas, said Kristalina Georgieva.
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