Investment Times

By Eugene Davis There could be contraction in lending by financial institutions, as a result of financial turbulence the world experienced last month, the International Monetary Fund (IMF) has cautioned. Speaking at a press briefing on Tuesday at the 2023 Spring Meetings in Washington DC, USA under the auspices of the IMF and the World Bank Group, Pierre-Olivier Gourinchas, the Chief Economist and director research said broader markets have remained calm and volatility has been contained including for emerging and developing economies, increasing funding costs and the need to act more prudently however “may push banks to cut down lending...