IMF warns developing nations

The International Monetary Fund (IMF) has warned that emerging economies will not be immune from a slowdown among wealthier nations.

In a speech in New Delhi, IMF managing director Dominique Strauss-Kahn said the links between the West and countries such as India remain strong. As a result the US slowdown will effect developing nations, he argued. To cope with that, he advised emerging nations to manage their finances and regulatory systems carefully.

According to the IMF, in the past a 1 percent decline in US growth had led to a decline in growth in emerging economies by between 0.5 percent and 1 percent, depending on trade and financial links to the US.

Editor's Comment
Let us all go to vote

Figures released by the country’s electoral management body have shown that a total of 1, 037, 684 people have registered to vote.However, eligible voters could be discouraged by events leading to the voting day like poor execution of advance voting amid talks that the elections could be unfair.There have also been threats by certain opposition politicians that shall the elections not be free and fair, they will halt them.Despite these...

Have a Story? Send Us a tip
arrow up