• search
For Quick Alerts
For Daily Alerts

IMF chief: Data transparency will increase resilience of economy

By Ians

Washington, Feb 9: International Monetary Fund chief Christine Lagarde said that greater data transparency could help increase the resiliency of the economy.

"Greater data transparency -- promoted through the IMF data standard initiatives-leads to a 15 percent reduction in the spreads on emerging market sovereign bonds," Lagarde on Wednesday revealed the result of a new IMF policy paper at an event held by the Atlantic Council.

Chief Operating Officer of Facebook Sheryl Sandberg, right, speaks next to Christine Lagarde, Managing Director of the International Monetary Fund, IMF, during a plenary session in the Congress Hall during the 47th annual meeting of the World Economic Forum, WEF, in Davos, Switzerland.

She called on members to improve data transparency, which could help increase economic resiliency, Xinhua news agency reported. She said that IMF tries to be "ruthless truth tellers" in its assessment of Greece's economic prospects.

In its recent economic assessment for Greece's economy, IMF said that its debt was still unsustainable after years of austerity. It called on Greece to continue push forward reforms of its pension, tax and banking systems, which drew opposition from Greek government.


For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more