WTO, IMF, World Bank urge G-20 leaders to act on trade

The leaders of the World Trade Organization, the International Monetary Fund and the World Bank urged G-20 leaders today to reinvigorate trade by reducing trade barriers and curbing trade-distorting subsidies while simultaneously seeking better policies to support workers who have lost their jobs. In a statement released ahead of the G-20 leaders’ summit in Hamburg, WTO Director-General Roberto Azevêdo, IMF Managing Director Christine Lagarde and World Bank President Jim Yong Kim stressed that the economic wellbeing of billions of people depends on trade and that deeper trade integration coupled with supportive domestic policies can help boost incomes and accelerate global growth.

The joint statement is available here.