IMF’s Shinohara urges emerging markets to rethink fiscal approach

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Naoyuki Shinohara, the deputy managing director of the International Monetary Fund (IMF), on February 3 said addressing medium-term fiscal imbalances, while being careful not to kill growth, was one of the most immediate global policy challenges.

At the IMF-Japan High level Tax Seminar for Asian Countries, in Tokyo, Japan, Shinohara said in a number of countries, particularly those in advanced economies, deficits and debt need to be brought down over time. However, he said this would not an easy

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