World Bank officials said this on emerging economies, what’s in it for India

Quoting a World Bank official, it has been said that there is an urgency for emerging markets and developing economies for a possible turbulence.

Some of the media reports have claimed that governments need to concentrate more on their debt management practices but also accelerate the pace of reforms.

Kristalina Georgieva, who is World Bank’s CEO, maintained that the global growth is moderating from 3 per cent to 2.9 per cent in year 2019.

She said the governments have to concentrate more on their debt management practices, especially in countries where this is already a serious concern.

Ms Georgieva will serve as the interim President of the World Bank after Jim Yong Kim departs the international financial institution on February 1.

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