Lagarde can ‘work with Trump’

The Star Late Edition - - BUSINESS REPORT -

IN­TER­NA­TIONAL Mon­e­tary Fund man­ag­ing di­rec­tor Chris­tine Lagarde said yes­ter­day she be­lieves the IMF can work suc­cess­fully with the Trump administration to im­prove the global trad­ing sys­tem, but that open trade must be pre­served. Lagarde said the IMF saw the need to re­duce sub­si­dies and other trade dis­tor­tions that limit com­pe­ti­tion, but also said “pro­tec­tion­ist mea­sures” needed to be avoided. “From the var­i­ous con­tacts that I’ve had with the administration so far, I have ev­ery rea­son to be­lieve we will make progress, that we will co-op­er­ate all to­gether in or­der to sup­port and in­deed im­prove the sys­tem as we have it,” Lagarde said. – Reuters

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