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IMF urges better coordination in world politics

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IMF urges better coordination in world politics

Unread postby Stillw8n » Sat Aug 03, 2013 9:23 am

IMF urges better coordination in world politics

WASHINGTON – Xinhua urged the director of the International Monetary Fund Christine Lagarde on better cooperation in world politics and economic reforms help to meet the challenges set out in the advanced and emerging economies.

said Lagarde: It is after the outbreak of the financial crisis, there was a global collaboration «intensive really» in policy-making in the colloquial 2008 and 2009, but after the easing of the crisis and initiate the global economy in recovery, reduced the frequency of pressing demands to cooperate.

said Lagarde at a seminar that there is no recommendation economic reform specific to suit all members of the International Monetary Fund 188, adding that countries must identify various steps to strengthen the financial and the formulation of priorities for reform are different.

indicated Lagarde that the advanced economies, including the euro area, still face «potentially dangerous and serious», and must be carried out structural reforms and the unity of banking «comprehensive manner» in the cluster with a single currency. should be on the United States and Japan to install plans strengthening financial medium-term, including the reform programs allocations, in order to provide a degree of safety in the medium term, according to Lagarde.

drew Lagarde that the emerging market economies recorded a slow growth in recent times, and that each economy, including the development of policies for, pointing out that countries like India must have more investment and conduct structural reforms to address the bottleneck that rein in economic growth.

As I mentioned Lagarde that the process of rebalancing economic «are clearly in China», pointing out that in the past two years, there was a political move in China to modify the engine of economic growth of domestic investment to domestic consumption, and », but we need to see a continuation of this move». She Lagarde, saying that «the banking sector mysterious in China must remain under the control of very strict by the authorities».
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