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Finance leaders pledge effort to boost global growth
– canadianbusiness.com
WASHINGTON – Global finance officials are vowing to try to reinvigorate a lacklustre global economy and urging governments to embrace free trade and do more to fight tax evasion.
Concluding biannual meetings by the world finance leaders, the 189-nation International Monetary Fund said in a statement that it would work toward “strong, sustainable, inclusive, job-rich and more balanced global growth.”
“The global recovery is continuing, but the expansion is modest,” Agustin Carstens, the head of Mexico’s central bank and chair of the IMF policy panel, told reporters Saturday. “We must implement mutually reinforcing policies to boost global growth and strengthen financial stability.”
Markets have stabilized after a chaotic start to the year, when fears were growing about a possible new global recession. But the IMF cited a long list of threats, from extremist attacks and the Syrian refugee crisis to the shock to global confidence from a potential exit by Britain from the European Union…
Concluding biannual meetings by the world finance leaders, the 189-nation International Monetary Fund said in a statement that it would work toward “strong, sustainable, inclusive, job-rich and more balanced global growth.”
“The global recovery is continuing, but the expansion is modest,” Agustin Carstens, the head of Mexico’s central bank and chair of the IMF policy panel, told reporters Saturday. “We must implement mutually reinforcing policies to boost global growth and strengthen financial stability.”
Markets have stabilized after a chaotic start to the year, when fears were growing about a possible new global recession. But the IMF cited a long list of threats, from extremist attacks and the Syrian refugee crisis to the shock to global confidence from a potential exit by Britain from the European Union…
