IMF boss: build stronger buffers against volatile markets

Christine Lagarde, pitching for second term as International Monetary Fund chief, says policymakers must cut debt and support growth to prevent slowdown

The boss of the International Monetary Fund has urged global policymakers to build stronger buffers against volatile financial markets in a "rapidly changing and uncertain world".

Speaking at the IMF's annual meeting in Lima, Christine Lagarde denied the global economy was entering a "dark period" but said debts needed to be cut and greater international cooperation was needed to prevent recovery from being derailed.

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