Public Administration News
Share
 |
2011 Represents a Pivotal Year for Global Cooperation: IMF |
| Source: |
worldbank.org |
| Source Date: |
Wednesday, January 05, 2011 |
| Focus: |
Electronic and Mobile Government, Citizen Engagement, Internet Governance
|
| Created: |
Jan 11, 2011 |
|
“The year of 2011 represented a pivotal year for the global economic recovery and for international policy cooperation, as well as for the role of the International Monetary Fund (IMF) in addressing these two principal challenges, John Lipsky, first deputy managing director of the IMF, said on Tuesday.
‘With the crisis of 2008 and 2009 receding, and following the unprecedented efforts expended in 2010 developing the outlines of a new, post-crisis world, 2011 will be the year in which post- crisis plans will be implemented, tested, and assessed,’ Lipsky noted in a blog article which was posted on the IMF website. He believed that the 2011 economic outlook was promising, with emerging economies continuing to post strong growth. …” [Xinhua/Factiva]
Kyodo News notes that “…Lipsky said in a statement that rising asset prices and accelerating inflation in several emerging economies are ‘sparking worries about potential overheating, as well as about difficulties in coping with growing capital inflows, and strengthening currencies.’ He also noted that renewed turbulence in sovereign debt markets could spill over to the real economy, saying investor sentiment in Europe is ‘particularly precarious.’ [Kyodo News/Factiva]
Dow Jones writes that “…If plans outlined last year by members of the G20 in response to the financial crisis are implemented successfully, ‘it will not be an exaggeration to claim that a new model for global economic and financial governance will be underway,’ said Lipsky in a Fund blog. ‘If unsuccessful, however, the sense of failure likely would undermine confidence while adding to the formidable list of challenges to be overcome,’ he said. …” [Dow Jones/Factiva]
|
|
|
|
|
|
 Tag This |
2011 Represents a Pivotal Year for Global Cooperation: IMF “The year of 2011 represented a pivotal year for the global economic recovery and for international policy cooperation as well as for the role of the International Monetary Fund IMF in addressing these two principal challenges John Lipsky first deputy managing director of the IMF said on Tuesday
 Tell A Friend |
|
 del.icio.us digg this Slashdot |
| Rate: |
0 ratings
|
Views: |
396 |
| Comments: |
0 |
Favorited: |
0 |
Bookmarked: |
0 |
Tagged: |
0 |
|
|
|
|