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The IMF is in crisis

Its own finances are precarious and the US and China are battling for control

Christine Lagarde, Managing Director, International Monetary Fund (IMF). Photo: ABACA/ABACA/PA Images

Donald Trump’s attacks on the World Trade Organisation have left that other superintendent of the global economy, the International Monetary Fund (IMF), out of the spotlight. This may be about to change. As the Fund’s members assemble for their annual gabfest, this time in Indonesia, financial crises are brewing in Argentina, Turkey and elsewhere.

A savvy management team has done what it can to cultivate the Trump administration and fine-tune operations. After a long period when it…

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