Global policy makers say they’re willing to ‘shore up growth’ to avoid world slowdown

Faced with fears of a global economic slowdown, global financial policy makers on Saturday said they stood ready to “promptly shore up growth” if needed.

“To protect the expansion, we will continue to mitigate risks, enhance resilience, and, if necessary, act promptly to shore up growth for the benefit of all,” the International Monetary and Financial Committee said in a statement released Saturday. The committee, made up of central bank governors and finance ministers, is the main advisory panel for the 189-nation IMF. Its statements provide guidance for the IMF’s work program. The statement was released at the spring meetings of the IMF and World Bank.

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