The director of the International Monetary Fund, Kristalina Georgieva, spoke about the effects for world finances of the bankruptcy of Silicon Valley Bank. What is the forecast of the credit agency in the face of the volatile economic situation.
The managing director of International Monetary Fund (IMF), Kristalina Georgievacalled this Sunday to “remain vigilant” in the face of “uncertainty” in the financial sector, which continues to be “high”.
The bankruptcy of the Californian bank Silicon Valley Bank (SVB) on March 10, generated a wave of concern in the banking sector in United States and Europewhich included among its milestones the hasty sale of the Swiss entity Credit Suisse to its compatriot UBS a week ago, or the losses on the stock market of Deutsche Bank.
The IMF’s request in the face of “high” financial uncertainty
“It is clear that the risks to financial stability have increased,” Kristalina Georgieva told a forum on the development of Chinaan event organized in Beijing by the Chinese government, according to AFP.
And it is that the purchase of Credit Suisse by UBSpiloted by the Swiss authorities, like the recent measures by central banks to improve access to liquidity, prevented panic but failed to restore calm to financial markets.
“Political leaders have taken decisive measures in response to the risks that weigh on financial stability,” the IMF managing director assessed in her speech.
“These measures have somewhat eased tensions in the markets, but uncertainty remains high, underscoring the need to remain vigilant”argument.
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The objective
Source: Ambito
