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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: No room for complacency on economy, IMF chief warns AFP - Sunday, September 6 LONDON (AFP) - - World leaders are "just seeing the end of the tunnel" following months of economic turmoil, the head of the International Monetary Fund (IMF) said Saturday after a meeting of G20 finance ministers. ADVERTISEMENT Dominique Strauss-Kahn said there was good progress on issues including bonuses but tackling the issue in depth "takes time". "I think we made good progress. I'm impressed by the consensus but I'm still waiting for strong measures to be implemented," he said on bonuses, which had threatened to split the US and Britain on the one hand and European countries led by France on the other. "It takes time. As you may imagine, there's been a rather interesting discussion on this," he added. Strauss-Kahn added that there was no room for complacency on the general economic picture, raising the spectre of rising unemployment ahead. "We're just seeing the end of the tunnel in terms of economic problems," he said. "Of course the peak of (unemployment) will depend on different countries but it's not for now, it's maybe one year from now". On talk of starting to wind down emergency financial support for economies, he said there was consensus that it was not the right time now although it was appropriate to discuss the issue. "Everybody recognises today that even if we need to discuss our exit strategy, it's not the time to implement exit strategy. it's the time to go on supporting demand until private demand will be strong enough so that public demand may decrease," he said. At April's London G20 summit, world leaders pledged to treble the resources available to the IMF to 750 billion dollars. Strauss-Kahn announced Saturday that the figure received had now topped 500 billion dollars. "It has been done," he told reporters. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Enlarge Photo President of the International Monetary Fund (IMF) Dominique Strauss-Kahn arrives for the G20 Finance Ministers summit at the Treasury in London. World leaders are "just seeing the end of the tunnel" following months of economic turmoil, Strauss-Kahn said Saturday after a meeting of G20 finance ministers. Most Popular – Top Stories Viewed Poignant final farewell as Jackson laid to rest US unemployment hits 9.7%, job losses narrow further Chappaquiddick 'haunts me,' Kennedy said World heading for climate 'abyss': UN chief First baby born from new egg-screening technique View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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