IMF presents 3 top priorities to combat financial crisis
24/10/2008 17:06
The International Monetary Found (IMF) unveiled three top priorities to
tackle world financial crisis yesterday at the office of the Bank of Mexico in
Mexico City.
In its report the IMF said that the first priority is to ensure
the adequacy and efficiency of the financial system operation by investing money
to improve market liquidity and supervising the asset quality.
The second is
to avoid the rise in the inflation rate. "The central banks should actively
communicate with the markets to preserve the normal level of the inflationary
expectation," the IMF said.
The third priority is to protect low-income
families who will suffer more from the economic deceleration, the report
said.
"The priorities also demand a stronger strategy to guarantee the public
expenditure," the IMF added.
Xinhua
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