Luxembourg’s economy and growth has stabilized following the impact of the global financial crisis, according to the International Monetary Fund. The fund urged the government to address its balance of risks and other vulnerabilities exposed by the crisis. IMF lauded the strengthening of banking supervision and banks’ risk management practices in the country. It suggested a greater focus on liquidity and credit risks brought about by the exposure of local banks to their foreign parent groups.

About the author

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    Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.