IMF managing director warns that trade fragmentation may lead to a new cold war in the world.

　　Xinhua News Agency, Washington, April 14th (Reporter Pan Lijun, Yang Shilong) Georgieva, managing director of the International Monetary Fund (IMF), said on the 13th that the fragmentation of global trade will cost the world and may even trigger the second cold war. She called on all parties to make rational decisions and avoid a new cold war.

　　On the same day, Georgieva said at a press conference of the IMF and the World Bank in the spring of 2023 that since the new crown epidemic and the Ukrainian crisis, the priority of ensuring the safety of supply chain and the reliable operation of global supply chain is reaching a new height in economic discussion and decision-making.

　　Georgieva said that the discussion on how to involve developing countries in the supply chain and explore a more dynamic global division of labor is good. However, she also pointed out that the appeal of "friendly shore outsourcing" or supply chain reliability is not only economic, but also geopolitical.

　　Georgieva called on all parties to make rational decisions and avoid pushing the world into the second cold war. She said that she had experienced the Cold War and knew that it would lead to brain drain, which was not conducive to world progress and did not want history to repeat itself.