IMF chief warns countries to remain vigilant
Source: Agencies |
March 19, 2012, Monday
|
Print Edition
Print Edition
THE head of the International Monetary Fund yesterday warned against complacency about global finance despite improved conditions and said the world urgently needed more financial reform.
Speaking at the China Development Forum, Christine Lagarde said developed countries needed to strengthen their financial systems and cope with high debt. She said developing countries needed to improve their defenses against external shocks.
"The world economy has stepped back from the brink and we have causes to be a little bit more optimistic," she said. "But optimism should not give us a sense of comfort and certainly should not lull us into a false sense of security."
Global economic recovery will be "a marathon, not a sprint."
Speaking at the China Development Forum, Christine Lagarde said developed countries needed to strengthen their financial systems and cope with high debt. She said developing countries needed to improve their defenses against external shocks.
"The world economy has stepped back from the brink and we have causes to be a little bit more optimistic," she said. "But optimism should not give us a sense of comfort and certainly should not lull us into a false sense of security."
Global economic recovery will be "a marathon, not a sprint."
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
