International Monetary Fund: Economic Recovery uneven and fragile, and banks need capital

International Monetary Fund: Economic Recovery uneven and fragile, and banks need capital International Monetary Fund warned in a report sent to the group of rich countries and major emerging twenty-published Saturday that the economic advancement of "not equal" has been falling. The Fund indicated in this report presented to the finance ministers and central bank governors from the Group of Twenty on the occasion of a meeting in St. Andrews (Scotland) that "the global economy returned to growth after a significant deterioration. But the recovery is not enough to equal the same, especially in developed economies." "There remains the danger that exists is found advancement," calling to "avoid a withdrawal of an early expansion policies of monetary and financial." And stressed the multilateral financial institution on the fragility of the financial system. He noted the International Monetary Fund said that "financial conditions continue to improve, but they are still far from reaching the normal level", and "the banking systems remain in need of capital and suffering from a legacy of troubled assets and an increasing amount of non-performing loans." In these circumstances, the IMF held Another danger lies on the "slowing down the achievement of financial reforms," On the other hand that keeps the Group of twenty high deficits in their budgets public. He reiterated the IMF also said that "exit strategies from crises in the fiscal deficit must be transparent, comprehensive and clearly stated aim of reducing public debt to prudent levels, according to a schedule specified clearly."