LIMA, Peru, Oct. 13, 2015 /PRNewswire/ -- Shawn Baldwin, global investments advisor and Chairman of AIA Group, keeping his finger on the pulse of global economic trends, joined the world's financial leaders and central bank governors at the 32nd annual World Bank Group International Monetary Fund annual meeting here October 9-11.
Attendees traded intelligence on growth prospects, described as uneven, and market volatility influenced by low commodity prices, policy decisions and the global financial markets. Members also used the forum to make a dramatic push for climate change, including increasing fines for carbon emissions and putting an end to energy subsidies. In a press briefing during the forum, Jim Yong Kim, president of the World Bank Group, pledged to increase by a third to $29 billion its contribution to poor countries to help combat climate change.
In her keynote address, IMF Managing Director Christine Lagarde said policy changes are what's need to strengthen the global economy and make it more resilient, along with a stronger IMF to address the needs of its members.
"The autumn meetings served to outline the importance of consistent growth along with how the headwinds of a strong dollar will create challenges in global markets," Baldwin said. "The low interest rate environment and delay of liftoff by the Federal Reserve Bank forecasts continued volatility and uncertainty in emerging markets. The additional concerns about China will help to exacerbate that problem as well."
The IMF is an organization of 188 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
The AIA Group is an advisory and investment firm that specializes in alternative investments, foreign exchange, derivatives and commodities markets.
Baldwin has provided trading, advisory, research and investment banking services to pension funds, foundations, endowments and corporations. Learn more about AIA at www.aiafunds.com.
Media contact: Shawn Taylor | 312-371-6260 | [email protected].
SOURCE AIA Group