FINANCE LEADERS PLEDGE AGGRESSIVE ACTION TO SPUR GLOBAL ECONOMY

Apr 17, 2016

By Bob Sheppard

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Finance ministers from around the world are promising to initiate more forceful programs to stimulate the sluggish global economy.

They’ve been meeting at a biannual gathering of the International Monetary Fund in Washington, D.C. where they stressed the importance of embracing free trade and fighting tax evasion.

Agustin Carstens, the chair of the I-M-F’s policy panel, says the global economic recovery is continuing, but at the present time there is only modest expansion.

Carstens’ panel has put forth a three-part approach that includes monetary, fiscal and structural actions aimed at stopping the risk of recession.

The finance leaders say that to get results they will have to move quickly.

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