On April 25, 2025, Mr. Pan Gongsheng, PBOC Governor, met with Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) during the IMF/World Bank Spring Meetings. They exchanged views on strengthening the cooperation between China and the IMF. Mr. Xuan Changneng, PBOC Deputy Governor, attended the meeting.
Governor Pan pointed out that, the global economy is becoming more complex and volatile, China will uphold true multilateralism and support the IMF. China commends the leadership of Ms. Georgieva and the pivot role of the IMF in safeguarding global economic and financial stability. China hopes the IMF will continue firmly promoting multilateralism and safeguarding global economic and financial stability.
Governor Pan stressed that, as the IMF is a quota-based institution, realigning quota shares is the most important component of its governance reform. Given the imperative and urgency to achieve a meaningful realignment of quota shares, the IMF should accelerate and achieve the quota realignment as early as possible to reflect the relative weights of the members in the global economy, in particular to amplify the voice and representation of emerging markets and developing countries.
