Who Got Added to the IMF’s List?
The International Monetary Fund doesn’t want to see another financial crisis — and as a result its keeping a close eye on countries in Europe — adding a few to its list recently. According to Reuters, the IMF has just added Norway, Poland, Denmark, and Finland to the list of countries in Europe that must undergo scheduled check-ins for their economic progress and conditions.
“The financial sectors of these jurisdictions are highly interconnected, not just with each other, but also with other major financial centers. This makes them central nodes in the global financial network and important for global systemic stability,” said the IMF, according to Reuters. In 2010, the IMF picked twenty-five other countries to monitor financially, and the most recent additions are meant to combat the extended debt concerns continuing in the eurozone.
The IMF also announced a change to it’s strategy, saying that rather than looking solely at individual countries it would examine relationships between countries as well in it’s examination of economic health. It will examine influence each country has on its fellows as well.