IMF says financial stability still at risk

The International Monetary Fund says the uneven pace of recovery between sluggish advanced economies and buoyant developing ones will lead to financial instability for the next two years.
HT Image
HT Image
Updated on Jan 25, 2011 02:27 PM IST
Copy Link
AP | By, Johannesburg

The International Monetary Fund says the uneven pace of recovery between sluggish advanced economies and buoyant developing ones will lead to financial instability for the next two years.

Citing a new report on global financial stability, IMF Financial Counselor Jose Vinals said on Tuesday that "financial stability is still at risk" because of failures to impose regulatory reforms and policies to tackle fiscal and banking sector vulnerabilities that caused the worst crisis since the Great Depression.

The report anticipates that the economies of advanced countries will expand by 2.5% in the next two years while emerging and developing countries are expected to continue a strong rebound and grow by 6.5 percent in the same period.

SHARE THIS ARTICLE ON
Close Story
SHARE
Story Saved
×
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Tuesday, July 05, 2022