Rome, 24 April (LaPresse) – ‘The world is facing a worrying increase in conflicts and acute geopolitical tensions’. Thus the Governor of Bankitalia, Fabio Panetta, at the 111th meeting of the Development Committee of the World Bank and International Monetary Fund in Washington. ‘Persistent weak security conditions, sudden disruptions in fragile countries affected by conflict and violence, and setbacks in international trade have far-reaching interrelated consequences, ultimately undermining our efforts to further reduce extreme poverty and putting decades of progress at risk,’ he continued. ’complacency is unacceptable: all international financial institutions must strengthen their efficiency and leverage their respective comparative advantages to ensure impact and enhance their ability to meet the priorities of developing countries. They must function as a system in a selective, coordinated and collaborative manner,' Panetta concludes.