IMF, Britain warn emerging economies | Bangkok Post: news

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IMF, Britain warn emerging economies

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IMF chief Christine Lagarde and British Chancellor of the Exchequer George Osborne on Thursday demanded emerging economies get their own houses in order, after some attacked US monetary policy in the run-up to G20 talks this weekend. 

George Osborne and Christine Lagarde arrive for a press conference at the Treasury in London on May 22, 2012.

While Lagarde also cautioned the US Federal Reserve to be "mindful" of the impact of its stimulus exit on major developing players, Osborne urged emerging markets to refrain from "finger-pointing and distractions" at the Sydney meeting of G20 finance ministers and central bankers.

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