Saturday, April 12, 2008

Cooling inflation in Sri Lanka and Vietnam a priority rather than growth: IMF

April 12, 2008 (LBO) – Though some Asian nations are worried about slower growth in the wake of financial turmoil in the US, countries like Sri Lanka and Vietnam should focus on inflation, a top IMF official said.
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"I would say Vietnam is a case, inflation is running close to 20 percent. They need to start cooling that off. Dealing with that problem is a priority for them right now," David Burton, the head of IMF's Asia Pacific department told reporters in Washington
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