
At its annual meeting in Thailand, the IMF urged major economies to tackle debt, while singling out the UK for praise.
At the IMF annual meeting in Thailand, the IMF warned major economies about high debts while praising UK plans to reduce borrowing as an exception among the G7.
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The IMF annual meeting gathers global financial leaders to discuss economic health and fiscal policies.
"Get your fiscal health in order," is a key message at the the International Monetary Fund's (IMF) annual meeting here in Thailand.
The IMF is worried about the debts of the world's biggest economies. It is doing its job as a watchdog, looking for and warning about financial vulnerabilities.
In the meantime, the finance ministers of former crisis countries are boasting about how little their borrowing costs have gone up, compared to the world's biggest economies, such as the US.
On three occasions in the past 24 hours, top IMF officials have praised UK plans to reduce its annual levels of borrowing, as a singular exception to the pattern of the rest of the G7 group of countries, which includes Canada, France, Germany, Italy, Japan and the US.
The IMF's clear decision to see the UK in a different light to these major economies is very interesting.
"The UK is actually one country where action to reduce debt and deficit has been taken decisively and we see the UK in that sense enjoying a bit of a better growth prospect," managing director Kristalina Georgieva said earlier.
Her comments followed those of the IMF's chief economist Silvana Tenreyro who told me that UK borrowing reductions "stand out".

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