Global economic chiefs told to reform

WASHINGTON: Finance chiefs from around the world were warned Thursday to get their houses in order while the global economy is strong and to be ready for possible shocks in the future.

World Bank President Jim Yong Kim and International Monetary Fund Managing Director Christine Lagarde said that countries must address their mounting debts and deepening inequalities now, before possible setbacks that could come as the era of cheap money from major central banks nears an end.