IMF, World Bank, WTO call for G-20 countries

Hamburg, July 08: The International Monetary Fund (IMF), the World Bank and the World Trade Organization (WTO) have called for the removal of commercial barriers to global growth. And they asked to raise Economic reforms. They issued a joint statement before the G20 meetings. The announcement stated that the G-20 governments need to make a decision to adopt strong commercial relations and supportive domestic policies.

IMF MD Christine Lagarde, World Bank President Jim Yong Kim, and WTO Secretary General Roberto Azevedo signed the statement."The financial situation of hundreds of millions of people depends on trade. Strong commercial relations and domestic policies increase their revenue.

The announcement called for world leaders to decide on the G20 summit. "In the developed and emerging countries, living standards have increased when countries open doors for free trade."

At the beginning of 2000, free trade stopped. Most commercial barriers have come. The new walls came in the process of bringing positives to the domestic industries.

In the developed and developing countries, there is a need to restart trade reforms to bring back productivity and revenue growth.