3.38 PM Friday, 29 March 2024
  • City Fajr Shuruq Duhr Asr Magrib Isha
  • Dubai 04:56 06:10 12:26 15:53 18:37 19:52
29 March 2024

'Global co-operation diminishing'

Dominique Strauss-Kahn (SUPPLIED)

Published
By Staff Writer

An international drive to impose new regulations in the wake of the crisis is fading and global co-operation is diminishing, the MD of the International Monetary Fund said yesterday. Dominique Strauss-Kahn said world powers had worked well during the height of the crisis in 2008 and 2009, but as the immediate danger passed so did the will to re-write cross border regulations.