GO FORTH AND BORROW AND SPEND WISELY: Finance ministers and central bank chiefs gathered in Washington at the IMF-World Bank annual meetings are trying hard to address the dilemma over the rising debt burden versus restoring economic growth. The world's top central banks are urging governments to put concerns about debt aside for now and keep spending until the economies recover. The IMF, historically a champion of budget restraint, seems heeding to these pleas. The Fund’s Chief economist Gita Gopinath on Wednesday echoed the need for further debt funded spending that guides economies to paths of stronger, equitable, and resilient growth. Clearly, no one wants in the trade-offs between growth and debt, a burden that will be hard to service down the road. [COMMENT BY: Babu Das Augustine, Business Editor]
AP