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IMF governor calls for vigilance in the face of ‘high’ financial uncertainty



SVB was dedicated to funding technology start-ups.  /AFP

SVB was dedicated to funding technology start-ups. /AFP

International Monetary Fund (IMF) managing director Kristalina Georgieva called on Sunday to “stay vigilant” in the face of still “high” financial sector “uncertainty”.

The March 10 bankruptcy of California bank Silicon Valley Bank (SVB) has sparked a wave of concern in the US and European banking sectors. A few weeks ago, or losses in the Deutsche Bank stock market.

“It’s clear that the risks to financial stability are rising,” Kristalina Georgieva told a forum on China’s development held by the Chinese government in Beijing.

And like recent steps by central banks to improve access to liquidity, UBS’s attempted takeover of Credit Suisse by Swiss authorities has prevented panic but also brought calm to financial markets. was not possible.

“Political leaders have taken decisive action in response to the risks that weigh heavily on financial stability,” the IMF Managing Director said in his speech.

“These measures have eased some of the market tensions, but they underscore the need to remain vigilant as uncertainty remains high,” he argued.

Source: Diario.Elmundo

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