Bank of England governor walks out of IMF summit in protest against Russia
Andrew Bailey among finance leaders to leave session in Bangkok when Russian finance minister addressed group
TL;DR
- Bank of England Governor Andrew Bailey joined finance leaders from France, Germany, and Scandinavian/Baltic countries in a walkout at an IMF meeting in Bangkok.
- The walkout occurred as Russia's finance minister, Anton Siluanov, addressed the group in Russian.
- The president of the German Bundesbank stated nearly half of all delegates participated in the departure.
- The IMF steering committee chair acknowledged the walkout but emphasized that all members agreed to a joint statement.
- The global economy is showing resilience despite the Ukraine war and other issues, but concerns remain about public debt and bond market rates.