Pan Gongsheng, Governor of the People's Bank of China, attended the 53rd meeting of the International Monetary and Financial Committee.

On April 16th to 17th, 2026, the International Monetary Fund held the 53rd International Monetary and Financial Committee meeting in Washington D.C., USA, discussing global economic and financial issues, as well as the work of the IMF. Pan Gongsheng, Governor of the People's Bank of China, attended the meeting and delivered a speech. Deputy Governor of the People's Bank of China, Xuanchang Neng, also participated in the meeting. The meeting acknowledged that the world economy is undergoing profound structural changes, facing multiple challenges, and balancing risks with opportunities. All parties should pay more attention to macroeconomic and financial stability, take timely, flexible, and credible policy measures, strengthen macroeconomic policy coordination, and deepen international cooperation. The meeting approved the "Delia Quotas and Governance Reform Guidelines," reaffirming support for a strong, quota-based, well-resourced IMF as the core of the global financial safety net. It called for all parties to quickly complete the domestic approval process for the 16th quota review and increase and to advance discussions on quota and governance reform for the 17th quota review, following the guidelines set forth in the Delia Quotas and Governance Reform Guidelines. Pan Gongsheng pointed out that the current world economy is facing significant challenges, with rising unilateralism and protectionism, increasing economic and trade restrictions, compounded by climate change, energy, food security challenges, and the onset of a new round of technological revolution and industrial transformation led by artificial intelligence, bringing both opportunities and risks. Recent geopolitical conflicts have heightened, further dragging down global economic growth, increasing financial market volatility, and impacting global financial stability. In the face of these challenges, countries should uphold true multilateralism, firmly defend free trade, build an open world economy, promote reform of the global governance system, enhance the voice of developing countries, and establish a more fair and open international economic and trade order. China is willing to deepen cooperation with the IMF, supporting the IMF in maintaining global economic and financial stability and promoting sustainable growth. Pan Gongsheng emphasized that as the core of the global financial safety net, the IMF's continued push for quota reform is crucial to enhancing the legitimacy, effectiveness, and representativeness of the IMF. China welcomes agreement on the Delia Quotas and Governance Reform Guidelines among all parties, laying a solid foundation for adjusting quota shares. Relevant countries should quickly complete internal procedures, ensure the early implementation of the promised quota increases for the 16th quota review. At the same time, efforts should be accelerated for the 17th quota review to achieve meaningful adjustments in quota shares early on, in order to uphold the credibility of the IMF. Pan Gongsheng pointed out that the rapidly changing international trade environment requires the IMF to further strengthen its economic surveillance functions. Trade policy uncertainty remains high, compounded by negative supply shocks resulting from the situation in the Middle East, which will have lasting effects on the global economy and financial markets. The IMF should enhance economic surveillance, provide more targeted policy recommendations based on objective risk assessments, strengthen surveillance of fiscal risks in major advanced economies and their spillover effects, and emphasize that trade protectionism cannot solve global imbalances stable, rational, and predictable cooperation is particularly valuable.