Apr 17, 2016
By Bob Sheppard
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.