IMF head calls for efforts to boost growth in eurozone | business | Hindustan Times
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IMF head calls for efforts to boost growth in eurozone

The head of the International Monetary Fund said the world economic recovery now underway remains fragile and called for efforts to stimulate growth to resolve Europe's debt problems.

business Updated: Jun 03, 2010 15:33 IST

The head of the International Monetary Fund said the world economic recovery now underway remains fragile and called for efforts to stimulate growth to resolve Europe's debt problems.

IMF managing director Dominique Strauss-Kahn, in an email interview with Yonhap News Agency released on Thursday, stressed the importance of dealing with eurozone debt problems, which have roiled world stock and financial markets and sent the euro plunging.

"Policymakers in Europe have taken important steps, both as regards adjustment and financing, to lay the basis for a recovery from the current difficulties," Strauss-Kahn said.

"But it will be important that emphasis is placed on stimulating growth. Without growth, the debt problems will be much more difficult to resolve, and fostering reforms that will help support growth will be key."

The IMF chief is set to attend a meeting of finance ministers from the Group of 20 leading world economies in the South Korean city of Busan on Friday and Saturday.

The ministers and central bank chiefs will assess the world's economic health and discuss ways to achieve sustainable and balanced growth.