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September 29, 2010 at 11:55 AM
The International Monetary Fund (IMF) on Monday announced that every five years it would require 25 countries to undergo in-depth exams to determine financial stability. The countries are those with major economies whose financial sectors have the most impact on global financial stability.
Not just developed countries are included in the list; developing countries are also included if their economies are large enough to wreak havoc on the world economy. The determination on which countries to include was made based on the size of their financial sectors and their connections with financial sectors in other countries, according to the IMF. The criteria do not reflect the broader economic or political importance of any nation, and will be subject to reevaluation as country circumstances and other factors change.
