Finance Leaders Pledge Effort to Boost Global Growth

Global finance officials are vowing to try to reinvigorate a lackluster global economy and urging governments to embrace free trade and do more to fight tax evasion.

IMF Managing Director Christine Lagarde (R) shows the way to U.S. Federal Chair Janet Yellen (2nd R) as People's Bank of China governor Zhou Xiaochuan (L) looks on, after an International Monetary and Financial Committee (IMFC) family photo during the International Monetary Fund, World Bank Spring Meetings at the IMF headquarters in Washington, D.C., on April 16, 2016. Mandel Ngan/AFP/Getty Images

WASHINGTON—Global finance officials are vowing to try to reinvigorate a lackluster global economy and urging governments to embrace free trade and do more to fight tax evasion.

Concluding biannual meetings by the world finance leaders, the 189-nation International Monetary Fund said in a statement that it would work toward “strong, sustainable, inclusive, job-rich and more balanced global growth.”

“The global recovery is continuing, but the expansion is modest,” Agustin Carstens, the head of Mexico’s central bank and chair of the IMF policy panel, told reporters Saturday. “We must implement mutually reinforcing policies to boost global growth and strengthen financial stability.”

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