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IMF offers reassurance but no extra money


IMF offers reassurance but no extra money


There is reassurance from the IMF for nations worried about the continuing financial crisis.

The global lender has promised decisive action to tackle the crisis in the eurozone and support the global economy. However, there was no indication that extra funds might be made available.

It comes after a series of meetings between G20 finance ministers, the IMF and the World Bank.

IMF Director Christine Lagarde was encouraged by what she says was strong dialogue:

“There was clearly a common recognition, a common diagnosis of what is happening at the moment, and a shared sense of common purpose. There was no denial, no finger-pointing, it was about recognition and support.”

As the meeting wrapped up in Washington, scores of people were arrested in New York. It was the latest in a string of demonstrations against what protesters called the corporate greed of Wall Street. Police say at least 80 were arrested, mostly for disorderly conduct.

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