IMF calls for country-specific exits from stimulus, pledges to speed up reform
Monday, 26 April 2010
WASHINGTON, April 25 (Xinhua): The International Monetary Fund’s policy- steering body, the International Monetary and Financial Committee (IMFC) yesterday called for the implementation of country-specific exits from stimulus, and pledged to deliver on the long-expected quota and governance reform.
“The worst is definitely behind us. But, we are not out of the woods yet. We see a strengthening of economic recovery, but we also see an unevenness in this recovery, unevenness within countries, and unevenness between countries,” Youssef Boutros- Ghali, IMFC chairman and Egyptian Minister of Finance, said at a press conference after a meeting of the committee in Washington.
IMF Managing Director Dominique Strauss-Kahn echoed his view on the same occasion, saying that recovery has been faster in Asia and more sluggish in other parts of the world such as Europe and Japan.
“We will continue to work to phase in country-specific exits from stimulus, recognizing the diverse pace of recovery and potential spillovers across countries and regions,” the committee said in a communique issued after its meeting, which is part of the IMF/World Bank spring meetings.
“The worst is definitely behind us. But, we are not out of the woods yet. We see a strengthening of economic recovery, but we also see an unevenness in this recovery, unevenness within countries, and unevenness between countries,” Youssef Boutros- Ghali, IMFC chairman and Egyptian Minister of Finance, said at a press conference after a meeting of the committee in Washington.
IMF Managing Director Dominique Strauss-Kahn echoed his view on the same occasion, saying that recovery has been faster in Asia and more sluggish in other parts of the world such as Europe and Japan.
“We will continue to work to phase in country-specific exits from stimulus, recognizing the diverse pace of recovery and potential spillovers across countries and regions,” the committee said in a communique issued after its meeting, which is part of the IMF/World Bank spring meetings.