The International Monetary Fund warns of narrowing the window of opportunity for reforms

[yota691]

The International Monetary Fund warns of narrowing the window of opportunity for reforms

12:10 - 13/10/2018

 

 

 

Follow - up - the balance of News 
International Monetary Fund warned on Saturday, narrow space opportunities for reforms while increasing economic risks, calling on countries not to devalue their currencies. 
Members of the International Monetary and Financial Committee, the political body of the International Monetary Fund, issued their recommendations in the final communiqué of the annual meeting of the IMF and the World Bank in Bali, a week after the global financial markets fell. 
"With a window of opportunity closed, we will act urgently to push policies and reforms" necessary for growth and risk-taking, the statement said. 
The text stressed that global growth "must be regular in the near term and moderate thereafter, but the recovery is increasing and some of the risks previously identified have been partially achieved."
The International Monetary Fund (IMF) this week cut its global GDP growth forecast to 3.7 percent in 2018 and 2019 (-0.2 percent) to the 2017 level. 
"There is growing risk to the economy in a climate of severe trade tension and geopolitical concerns And financial conditions are becoming increasingly difficult for many markets and emerging countries. " 
US Treasury Secretary Stephen Menuchin said this week he had raised concerns about the yuan's weakness to the central bank governor. 
But he did not say whether the United States would accuse China of manipulating its currency in a report issued twice a year by the US administration and expected to be published next week. 
The International Monetary Fund appeared to be targeting the world's first two economies, which are engaged in a duel with heavy reciprocal customs duties.
"We will avoid competitive devaluations (for currency prices) and we will not use exchange rates for competitive purposes," the text said. 
"We recognize that free, fair and mutually beneficial investment of goods and services are key drivers of growth and job creation," he said. 
On the other hand, the IMF called for efforts to "improve the World Trade Organization" and enhance confidence in the world trade system

[bostonangler]

 

46 minutes ago, yota691 said:

"With a window of opportunity closed, we will act urgently to push policies and reforms"

 

I can think of one reform I'd like to see....

 

Good article Yota... Thanks

 

B/A