Leaders of international economic organizations spoke highly of China’s contribution to the world economy and made suggestions for the upcoming G20 summit during the Business 20 (B20) summit in Hangzhou on Sept 3.

Christine Lagarde, Managing Director of the International Monetary Fund, praised China’s efforts in promoting economic reform and expected its further contribution to investment and trade for the stability of the global economy.

World Bank President Jim Yong Kim agreed with the G20’s initiative on boosting inclusive finance, and green finance, claiming that inclusive finance can create a win-win situation for the private sector and ordinary people, whilst green finance has played an important role in handling climate change and other environmental issues.

WTO Director-General, Roberto Azevedo, highly commended China’s preparations for the summit. He also called on other governments to join the Agreement on Trade Facilitation to allow more people to share the benefits of foreign trade.

Li Yong, Director-General of the United Nations Industrial Development Organization, praised the policy recommendations released by the B20 Host Committee, especially the suggestions for small and medium-sized enterprises. He urged governments to strengthen supervision, improve strategic planning, and to offer financial support, thus creating a sound environment for SME development.

Angel Gurria, Secretary-General of the Organization for Economic Co-operation and Development, said he is looking forward to China’s leadership to help deal with the challenges caused by the economic downturn, and highlighted the importance of cooperation in unleashing the potential of world economy.