The International Monetary Fund is urging the world’s richest countries to get their act together and quickly to stop the global economy from stalling.
For newly re-elected IMF head Christine Lagarde preventing a global growth crisis is a top priority.
The call for bold action to avoid a “derailed recovery” comes as senior officials from the Group of 20 biggest economies prepare to meet in Shanghai this week.
The IMF would like to see governments around the world to create new financing mechanisms to help some highly vulnerable emerging market and commodity exporting countries.
Senior IMF staff made the call amid falling equity markets, volatile currencies and signs of economic weakness throughout the world.
#G20 needs to take bold action to rejuvenate global growth. Read IMF G20 note. https://t.co/MqmX8KcXiz— IMF (@IMFNews) February 24, 2016
The Shanghai gathering is being compared to the G20 meeting in April 2009 when officials agreed on coordinated stimulus to pre
