----> With the European debt crisis and a fragile global economy as a backdrop, International Monetary Fund (IMF) and World Bank leaders meet to discuss policy in Washington, D.C., this week.
The annual meeting will no doubt attract more scrutiny than usual, in part because of the forced resignation of IMF Managing Director Dominique Strauss-Kahn. His successor, Christine Lagarde – who, like Strauss-Kahn, served as France’s finance minister – faces many of the same challenges in leading the IMF, but may be under more pressure to act given the worsening finances of Greece.
What’s more, the IMF and World Bank, for all of their prestige, have a growing list of critics, from emerging economies to some Republican officials in Washington.
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Posted 20 September 2011