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         IMF Urges Continued Low Interest Rates, More Spending, Reforms

   by VOA News

   Financial officials from around the world are pledging a stronger
   effort to stimulate the sluggish economy.

   In a communique issued Saturday, members of the International Monetary
   Fund said they would work toward "strong, sustainable, job-rich and
   more balanced global growth."

   The comments came as part of this week's meetings of the IMF and World
   Bank in Washington. The top financial and economic officials called for
   continued low interest rates and additional government spending to
   boost growth.

   The also called for financial reforms in many areas, including banking,
   and steps to make it harder to hide wealth from tax collectors in the
   wake of the Panama Papers scandal.

   IMF experts said the global economy was continuing to expand
   "modestly," with an outlook that has weakened in recent months.  They
   warned that a "significant slowdown" in trade persisted.

   They also warned that falling commodity prices, including oil, had hurt
   exporters and had done less to help countries that import commodities
   than economists expected.
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   [1]http://www.voanews.com/content/international-monetary-fund-urges-con
   tinued-low-interest-rates-spending-reforms/3288807.html

References

   1. http://www.voanews.com/content/international-monetary-fund-urges-continued-low-interest-rates-spending-reforms/3288807.html