IMF chief to attend G20 meeting in Mexico

The International Monetary Fund ( IMF) chief will travel to Mexico to meet finance ministers and central bank governors of the Group of Twenty (G20) countries to discuss how to reduce economic uncertainties and bolster global growth, the IMF said on Thursday. IMF Managing Director Christine Lagarde and the institution's first deputy managing director David Lipton will be in Mexico City this weekend for the meeting of G20 finance ministers and central bank governors, IMF chief spokesman Gerry Rice announced on Thursday at a regular press briefing. The main message that the IMF chief will deliver at the meeting will be in line with the theme of the annual meetings of the IMF and World Bank held last month in Tokyo, said Rice, adding that the IMF chief will further discuss global economic outlook and action to boost economic growth with other top financial officials. Uncertainties continued to weigh on global economic growth, and "there is need for policy action on a number of fronts," Rice said. The IMF chief will discuss with other G20 officials on financial regulation, and ways to bolster the global financial safety net including strengthening the IMF's lending capacity, he added. Mexico currently holds the rotating presidency of the group and will host a meeting of finance ministers and central bank governors of the G20 countries on Nov. 4-5 in Mexico City. The G20 groups Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, Britain, the United States as well as the European Union.