International Monetary Fund will re-assess economic crises in the past
2012-07-19 14:18:18
The International Monetary Fund approved changes to its annual economic surveillance rules on Wednesday that now make it mandatory for the Fund to assess whether the domestic policies of a country are affecting global financial stability. Until now, IMF assessments of economic spillovers were voluntary but the 2007-2009 global financial crisis showed how quickly and easily the economic and financial policies of one country can cascade across borders and destabilize the world.
AgroInvest comment: Such evaluation is crucial under current circumstances in terms of finding measures to prevent such situations from occurring in the future.
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