International Monetary Fund (IMF) chief Christine Lagarde said on Tuesday that the global economy is growing and forecasts point to a growth of 3.7 percent.
She announced during the Riyadh-hosted Future Investment Initiative that some economies are progressing steadily and exiting a tough stage.
Saudi Crown Prince Mohammed bin Salman met Lagarde to discuss possible coordination between the kingdom and IMF and to exchange opinions on mutual topics.
She stated that investments are increasing, stressing that some pivotal decisions must be taken during the next 50 years.
Lagarde noted that changes are not related to demographics or population because 50 years from now society will change and emerging economies and markets will appear in Asia and Africa. Currently, it is necessary to address two topics.
The first is climate change while the second is inequality. The IMF chief flagged imbalances between men and women, applauding however, recent positive developments in the Kingdom in this regard.
She added that the planet will face a dark future in 50 years if no procedures were taken towards climate change and growing global inequality.