Never let anyone tell you all the talking that goes on at the IMF’s various gatherings is a complete waste of time. Over a few days of back-to-back meetings in Washington last week, the world’s finance ministers and central bankers decided things weren’t quite as bad as they thought when arrived.
“You know, in a way, the IMFC [International Monetary and Financial Committee], and the meetings that precede the IMFC, is a bit of a therapy, collective therapy to move from the negative situation that we are facing and the challenges on the horizon, to a positive approach in order to identify the solutions that will respond to the challenges,” Lagarde said on April 16 at a press conference. “I think that has worked.
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