IMF managing director Christine Lagarde. File photo/Reuters
Growth in the West bank and Gaza has to be focused on creating jobs, the head of the International Monetary Fund said on Wednesday, as she discussed the Trump administration’s $50 billion economic plan for Israeli-Palestinian peace.
“One of the really good aspects of the plan ... is that it identifies some of the sectors, some of the industrial and economic sectors, that will be conducive to jobs,” said IMF managing director Christine Lagarde.
“It cannot be any kind of growth in the West Bank and Gaza, it needs to be job intensive,” she added, citing agriculture, tourism and construction as sectors that “will absorb a lot of labour.”
The head of the International Monetary Fund said on Tuesday that fresh trade tensions between the United States and China were the main threat to the world economy.
International Monetary Fund Managing Director Christine Lagarde on Saturday urged G20 policymakers to reduce tariffs and other obstacles to trade, warning that the global economy had hit a “rough patch” due to the trade conflict.
She said her resignation would expedite the selection for the next head of the IMF.
Reports say that the executives, who failed to achieve the annual sales target, have chosen such punishment for themselves, and crawled on their hands and knees for three rounds during the company’s annual ceremony.
They have been suffering from lack of food and medicine for weeks, leading to some of them losing two-thirds of their body weight.
‘My generation will not give up without a fight,’ Thunberg said