The IMF Shanghai Regional Center Officially Launched
On June 19th, 2024, the International Monetary Fund (IMF) Shanghai Regional Center was officially launched. Shanghai Party Secretary Chen Jining, the IMF Managing Director Kristalina Georgieva, the People's Bank of China Governor Pan Gongsheng, and the Shanghai Mayor Gong Zheng attended the launching ceremony.
The Shanghai Center will complement the IMF's other regional centers and offices. It is being established to further strengthen the IMF's engagement and cooperation with Asia Pacific economies, conduct relevant research in areas of interest to emerging markets and middle-income countries, provide targeted capacity-building support, and safeguard regional and global financial stability.
Pan Gongsheng welcomed the establishment of the IMF Shanghai Regional Center, and believed that the Shanghai Center will deepen cooperation between the IMF and China, enhance macroeconomic policy exchange and coordination among the Asia Pacific countries, and support regional and global financial stability.
Kristalina Georgieva said: “I welcome this important initiative with the People's Bank of China to establish the Shanghai Regional Center. The center will further strengthen the IMF's engagement in the dynamic Asia Pacific region, deepen our understanding of perspectives from member countries, and foster international economic cooperation.”
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