IMF, World Bank focus on economic risks of Brexit, tax evasion

WASHINGTON, D.C.: The International Monetary Fund (IMF) and World Bank focused on Thursday (Friday in Manila) on Britain’s possible EU pullout and widespread tax evasion as key threats to the global economy as they opened their Spring Meetings.

Laying out a broad spectrum of risks, from refugee crises and rising protectionism to climate change, the leaders of the two powerful global development banks called for the most developed countries especially to take “immediate” action to stimulate growth to avoid backsliding into a worldwide stall.