File photo taken on June 16, 2014 shows International Monetary Fund(IMF) Managing Director Christine Lagarde speaking during a press conference at the IMF headquarters in Washington D.C., the United States. IMF on Friday announced that it selected Christine Lagarde to serve as its leader for a second five-year term. (Xinhua/Yin Bogu)
File photo taken on June 16, 2014 shows International Monetary Fund(IMF) Managing Director Christine Lagarde speaking during a press conference at the IMF headquarters in Washington D.C., the United States. IMF on Friday announced that it selected Christine Lagarde to serve as its leader for a second five-year term. (Xinhua/Yin Bogu)

International Monetary Fund chief Christine Lagarde said on Wednesday that greater data transparency could help increase the resiliency of the economy.

Lagarde-Christine - IMF MD (Photo source zerohedge.com)
Lagarde-Christine – IMF MD (Photo source zerohedge.com)
“Greater data transparency — promoted through the IMF data standard initiatives-leads to a 15 percent reduction in the spreads on emerging market sovereign bonds,” Lagarde revealed the result of a new IMF policy paper at an event held by the Atlantic Council.

She called on members to improve data transparency, which could help increase economic resiliency.

During the question and answer session, she said that IMF tries to be “ruthless truth tellers” in its assessment of Greece’s economic prospects.

In its recent economic assessment for Greece economy, IMF said that Greece’s debt was still unsustainable after years of austerity. It called on Greece to continue push forward reforms of its pension, tax and banking systems, which drew opposition from Greek government. Enditem

Source: Xinhua/NewsGhana.com.gh

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.