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Balance Quote by Manmohan Singh

“If you don't have a functioning financial system the world economy won't be revived. All the major economies have their responsibility to assist at a pace which is required to clean up the balance sheet of the banking system and to ensure that credit flows are resumed.” quote by Manmohan Singh
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“If you don't have a functioning financial system the world economy won't be revived. All the major economies have their responsibility to assist at a pace which is required to clean up the balance sheet of the banking system and to ensure that credit flows are resumed.”

Manmohan Singh

About This Quote

Source Speech: Economic Forum, 2023

A functional financial system is essential for global economic recovery; major economies must act to restore credit flow.

In simple terms: Financial stability needed for recovery

Key Takeaway

Support systemic financial health.

Themes

economics policy global finance recovery

Mood

serious urgent

Type

policy analytical

When to use this quote

  • government budgeting
  • banking reform
  • investment
  • international aid

Key Concepts

credit markets balance sheet management

Questions to Reflect On

  • How can economies coordinate recovery?
  • What reforms ensure credit flow?
A Different Perspective

Political disagreements can stall action.

2.2 out of 5 (10 ratings)

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