ZURICH: The world’s central banks have done their job in offering breathing-space during the financial crisis, but government and business has been too slow with much-needed reforms to boost productivity, the Bank for International Settlements said on late Sunday.

The Swiss-based BIS—dubbed the central bankers’ central bank—said in its annual report that a “forceful program” of “repair and reform” was the only way to ensure a genuine economic revival.

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