Christine Lagarde: How to help, not hinder global growth

Jun 6, 2019

$A farmer holds a wad of Cuban money at a vegetable stall at a market in Sagua La Grande, in the province of Villaclara in central Cuba, around 240 km (149 miles) east of Havana October 12, 2013. Cuba took the first step towards scrapping its two-tier currency on October 22, 2013, in a move which could boost local workers' income and remove a major hurdle for importers and exporters. Cuba's convertible peso (CUC) is pegged to the U.S. dollar, while the local peso (CUP) is valued at a fraction of the greenback's value, angering the population which is paid in the latter, and complicating accounting, the evaluation of performance, and trade for state companies. Picture taken October 12, 2013. REUTERS/Desmond Boylan (CUBA - Tags: SOCIETY BUSINESS AGRICULTURE) - GM1E9AN0M3801$

The IMF cut its global growth forecast to 3.3 percent in 2019. Image: REUTERS/Desmond Boylan

Christine Lagarde

President, European Central Bank

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