The Federal Reserve may be preparing to taper its bond buying program, but the rest of the developed world is ready to compensate, said Tim Adams, president and CEO of the Institute of International Finance and former Under Secretary for International Affairs at the U.S. Department of the Treasury.
"It's not just about the Fed," Adams told CNBC, noting the European Central Bank, the Bank of England and the Bank of Japan have all given forward guidance of further asset buying. "It's not as if you've got the developed world all receding at the same time," he noted, adding the BOJ is in "for the long haul."
(Read more: Here's what may trigger more BOJ stimulus)
The Fed is currently buying around $85 billion worth of assets a month, while the BOJ pledged in April to pump $1.4 trillion into the Japanese economy over the following two years, marking the world's most aggressive quantitative easing program. The BOE has an around $574 billion quantitative easing program. The ECB hasn't yet started its bond buying, pending a court ruling on whether it is constitutional.
(Read more: Jobs data good enough for tapering, just 'taper light')
Overall, tapering expectations, which have boosted interest rates, may signal positive developments, he said. "Bonds are telling us growth is coming back," he said. "We certainly see it in the U.S.," although the pace of improvement is a bit slow.