17 Apr '11, 9am

Global recovery vulnerable to debt commodities: IMF

Washington, Apr 17 (PTI) Even as the global economy is recovering fast from crisis, it is subject to vulnerabilities from debt, commodities and natural disasters like the one in Japan, an IMF panel has said. "Although we are in a better position now than where we were a year ago, the recovery has gained headway, there are significant vulnerabilities still in the global economic and financial system," the chairman of the International Monetary and Financial Committee (IMFC), Tharman Shanmugaratnam, said here yesterday. Briefing reporters on the discussions among the member countries, Shanmugaratnam, who is also Singapore Finance Minister , said there is a sense around the table in all their discussions that they are still in a fairly fragile situation. "We have to be extremely watchful, but we also need to develop the capabilities of the Fund to address risks proactively, t...

Full article: http://sg.news.yahoo.com/global-recovery-vulnerable-debt-...

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