The most recent: the IMF and Lagarde plan to attend the meeting in Saudi Arabia
The most recent: the IMF and Lagarde plan to attend the meeting in Saudi Arabia
The latest on the annual meeting of the International Monetary Fund and the World Bank in Bali, Indonesia (all local times):
3:55 p.m.
The managing director of the International Monetary Fund, Christine Lagarde, said she still intends to attend an investment conference in Saudi Arabia at the end of this month, despite concerns about the disappearance of journalist and US resident Jamal Khashoggi.
Khashoggi disappeared after entering a Saudi consulate in Istanbul. Turkey, more than a week ago. The Washington Post quoted anonymous sources as saying that the government of Turkey told US officials that it has audio and video evidence that Khashoggi was killed and dismembered.
The AP has not yet confirmed that report. Saudi Arabia says that Khashoggi left the consulate.
Lagarde said on Saturday in Bali, Indonesia, that "human rights, freedom of information are essential rights, and horrible things have been denounced and I am horrified."
She said she would "say what she thought" if she leaves.
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1:45 p.m.
The International Monetary Fund has closed its annual meeting, pledging to act to protect global growth and financial stability from trade-related risks and geopolitical tensions.
IMF Managing Director Christine Lagarde said on Saturday when the meeting of the IMF and the World Bank in Bali, Indonesia, put an end to world growth remains strong, but has stalled. Countries should try to ensure that they do not "deviate".
She said: "Navigate together and we will be stronger, focus on your policies, do not deviate and cooperate as much as we can because we will be better together."
The International Monetary and Financial Committee, which advises the board of governors of the IMF, urged countries to keep credit available in line with their inflation levels and try to increase economic growth "for the benefit of all."
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1 pm.
US Treasury Secretary Steven Mnuchin has played down the concerns expressed about the risks that trade tensions with China could disrupt the world economy.
Mnuchin also told reporters on Saturday in Bali, Indonesia, that he does not lose sleep over the possibility that China could sell its huge treasure trove of American treasures in retaliation.
Concerns that trade friction between Washington and Beijing will depress global trade and generate turbulence in financial markets have been a major issue at this week's global financial meetings in Bali.
China's central bank governor Yi Gang joined the chorus, describing protectionism and trade tensions as "big risks" to the global economy
The annual meeting of the International Monetary Fund and the World Bank, and a series of other financial meetings on the sidelines, ended on Saturday.
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