IMF head issues world a triple warning

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IMF head issues world a triple warning

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IMF head Christine Lagarde has issued a stark warning that the world faces a crisis in three parts declining incomes, environmental damage and social unrest unless countries take a more sustainable approach to economic management.

Speaking ahead of the upcoming Rio+20 Earth Summit Lagarde said rich countries must rein in their greed as poverty continues to rise.

She also backed green taxes to help protect the environment.

Lagarde takes to Rio a three pronged package for economic growth, environmental protection and social progress.