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IMF chief does not rule out the next crisis

13 july 2017 - Fx4News
IMF chief does not rule out the next crisis

Managing Director of the International Monetary Fund Christine Lagarde said she did not rule out the possibility of another financial crisis, noting that the comments made recently by the chairman of the US Federal Reserve Janet Yellen, may have been premature. 

"One day may come next financial crisis", - said Lagarde in an interview with CNBC on the sidelines of the joint conference of the IMF and the National Bank of Croatia.

 

 

Comment head of the IMF became a sort of response to the statement Yellen made two weeks ago. As you know, the Fed chairman said he did not expect to see another financial crisis in their lives. 

"I plan to live a long life, as well as Ms. Yellen, so I think we should not exclude that possibility, as we have seen cycles that have not seen the last ten years", - said Lagarde. 

The official said the unpredictability of the financial crisis and said that the finance ministers and decision makers must be careful to prepare for such situations. 

"Where it coming, what he will be provoked by what will be its scope ... As a rule, a crisis occurs unexpectedly," - she added. 

"It is our duty and, of course, the message that we are trying to bring the finance ministers and officials -" Be prepared. " Make sure that the financial sector in your country is under close observation that the institutions are on a solid foundation that your economy has enough buffers to withstand a potential crisis. " 

 

Based on materials WELTRADE

 

 

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