India's Finance Minister Palaniappan Chidambaram said Saturday that the International Monetary Fund should strengthen its surveillance of the global economy, given the continued uncertainty.
"We need to recognize that in addition to the known risks at present, there are bound to be surprises that will arise in the months and years to come," he said while addressing the twenty-seventh meeting of the International Monetary and Financial Committee (IMFC).
The Fund should have a program of work that focuses on the identification of risks, as they become more salient and plans of contingent action to cope with them, Chidambaram told the meeting.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.