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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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.