IMF chief urges cor­rup­tion fight

China Daily (USA) - - BUSINESS -

In­ter­na­tional Mone­tary Fund Man­ag­ing Di­rec­tor Chris­tine La­garde has called for ef­forts to com­bat cor­rup­tion in or­der to re­store trust in in­sti­tu­tions and pro­mote glob­al­iza­tion. “Com­ing on the heels of the fi­nan­cial cri­sis, this back­lash (against glob­al­iza­tion) has evolved into a deeper prob­lem— a grow­ing gap in trust in in­sti­tu­tions,” La­garde said at the In­ter­na­tional Bar As­so­ci­a­tion Con­fer­ence on Sun­day. She cited a 2016 sur­vey re­sult from the con­sult­ing firm Edel­man as say­ing that trust amongthe broader pub­lic in govern­ment in­sti­tu­tions and the fi­nan­cial ser­vices in­dus­try was the low­est since 2008, while trust among the elites in all in­sti­tu­tions is at an all-time high.

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