IMF backs 'growth-friendly' policy | Bangkok Post: news

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IMF backs 'growth-friendly' policy

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The world economy needs to balance austerity with growth if it is to recover fully from the global financial crisis, a key IMF committee said in Tokyo on Saturday. 

Awaiting the start of their Tokyo conference on Saturday, from left: IMF deputy managing director David Lipton, managing director Christine Lagarde, Monetary and Financial Committee chairman Tharman Shanmugaratnam, and IMF secretary Lin Jianhai.

"Fiscal policy should be appropriately calibrated to be as growth-friendly as possible," the International Monetary and Financial Committee said in a communique.

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