IMF’s Lipton stresses importance of multilateralism
IMF first managing director calls for co-operation between emerging markets and advanced economies
In the wake of Brexit, the first deputy managing director of the International Monetary Fund has called on advanced economies to work together with emerging markets to foster globalisation, which in his view still has "promise".
"We need multilateralism now more than ever," said David Lipton, speaking at the Bretton Woods Committee Annual Meeting on June 27. "We need everyone pushing in the same direction at the same time. That is why it is important for the IMF to rally its membership to act in
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