The IMF has announced factors for changing the world’s economic prospects.

Eliminating trade barriers, solving the debt problem, and investing in sustainability can change the prospects of the world economy, said the head of the International Monetary Fund, Kristalina Georgieva, during her speech at the G20 summit. “Eliminating barriers, especially with regard to food and fertilizers, can go a long way in countering the suffering of hundreds of millions of people. First, we must not allow protectionism to take root and the world to break up into separate blocs,” Georgieva said. According to IMF estimates, a divided world would lose at least 1.5% of GDP annually. “Secondly, debt. For 25% of emerging market economies and 60% of low-income countries, this is destroying their ability to cope with food and energy insecurity,” she added. Thirdly, we need to invest in sustainability. “If we invest in climate-resilient agriculture and low-carbon development, we can achieve higher living standards for people worldwide despite further shocks,” she believes.