Advanced Economies’ Policies Blamed for Banking Sector Issues, says International Monetary Fund

Director of the International Monetary Fund Kristalina Georgieva confirmed that the problems of the banking sector in countries with developed economies have become an inevitable consequence of the measures of the authorities aimed at combating inflation.

The text of a speech by the head of the International Monetary Fund at the Boao Forum for Asia in China stated: 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 the bank “UBS” a competitor appeared, the main “Credit Suisse” had problems in Switzerland.

Source: News

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