The International Monetary Fund has warned that there are significant risks to global economic recovery. The Washington based organization said many governments are struggling with massive debts and financial sectors remain weak. In a briefing note for Deputy Finance Ministers of the Group of 20 the IMF says the growth has been stronger than forecast in the first half of this year it is expected to slow down for the best of 2010 and in the first six months of next year. However it says even with weaker growth advanced economies must still draw up credible plans to reduce budget deficits from next year. The IMF says this is essential to ensure that economic expansion in the medium term is strong and sustained.