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Banking stability worries go behind closed doors at IMF-World Bank meetings
WASHINGTON, April 17 (Reuters) – Just a month after the biggest banking crisis in more than a decade, the world’s top economic and financial policymakers gathered in Washington and said surprisingly little about financial system stability – at least publicly. With financial markets calmed by strong policy actions to stem the outflow of bank deposits, the International Monetary Fund and World Bank spring meetings were instead dominated by calls to keep up the fight against inflation, accelerate debt restructuring for poor countries and avoid geopolitical fragmentation of the global economy. Some officials conveyed a sense that banking system safety was further down the priority list of global economic problems. “One…
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Tensions around Ukraine invasion flare at G-20 finance meetings in India
BENGALURU, India (AP) — Tensions over Russia’s war on Ukraine flared Friday at meetings of financial chiefs of the Group of 20 leading economies, where geopolitics affected the atmosphere if not the agenda of the gathering in the Indian technology hub of Bengaluru. U.S. Treasury Secretary Janet Yellen condemned the “illegal and unjustified war against Ukraine” at a session attended by Russian officials and reiterated calls for G-20 nations to do more to support Ukraine and hinder Moscow’s war effort. “I urge the Russian officials here at the G-20 to understand that their continued work for the Kremlin makes them complicit in Putin’s atrocities,” Yellen said. “They bear responsibility for…
/cloudfront-us-east-2.images.arcpublishing.com/reuters/ZCBLZFTVOBJ5VO6T54IKZBEFYI.jpg "Banking stability worries go behind closed doors at IMF-World Bank meetings")
/cloudfront-us-east-2.images.arcpublishing.com/reuters/X45VCN7DLRJ6DFCVOVWLCVE53Y.jpg "Switzerland’s secretive Credit Suisse rescue rocks global finance")
