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.”
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
Support systemic financial health.
Themes
Mood
Type
When to use this quote
- government budgeting
- banking reform
- investment
- international aid
Key Concepts
Questions to Reflect On
- How can economies coordinate recovery?
- What reforms ensure credit flow?
Political disagreements can stall action.