IMF says crisis losses down by $600 billion

The organisation warned however that the impetus for financial reforms risked being lost if the improving situation leads to complacency. In its half-yearly Global Financial Stability Report, the fund said efforts by governments and central banks to deal with the crisis and signs of a  economic recovery have helped limit the losses. “Systemic risks have been substantially reduced following unprecedented policy actions and nascent signs of improvement in the real economy,” the IMF report said.