Advanced economies’ policies caused issues in banking sector: International Monetary Fund

Director of the International Monetary Fund Kristalina Georgieva confirmed that the problems of the banking sector in advanced economies were an inevitable consequence of the measures taken by the authorities to fight inflation.

And the text of the speech of the head of the International Monetary Fund at the Boao Asian Forum in China read: countries with developed economies.

Georgieva added that difficulties in the banking sector in advanced economies have made it difficult for authorities to choose the tools they use.

Global financial markets in general and the US in particular are experiencing turmoil in light of concerns about the future of the banking sector, and this comes after the recent collapse of two banks in the US, namely Silicon Valley and Signature, and in Europe at UBS Bank a competitor appeared, the main “Credit Suisse” had problems in Switzerland.

Source: News

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