IMF praise Singapore

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25.11After an evaluation which started in June last year, the International Monetary Fund (IMF) pronounced Singapore’s financial sector as being well-regulated and highly developed. The IMF spoke highly of the authorities quoting praise for their ‘sound policies and skillful macroeconomic management’ these efforts have stimulated economic activity since the 2008 financial crisis yet at the same time kept inflation under control. Also mentioning that the structures used to govern and supervise the economics are amongst the best in the world. This evaluation came about from a decision in 2010 to asses 25 advanced economies for stability on a five year basis.