IMF meets amid threat of currency war
WASHINGTON (AFP) – The specter of a damaging global currency war is set to dominate a meeting of economic powers in Washington Friday, amid bleak hopes for a deal between China, the United States and other powers. Finance ministers and central bankers from 187 countries will convene for an annual meeting of the International Monetary Fund amid warnings that beggar-thy-neighbor policies could wreck the global recovery. With the recovery still painfully slow, recent weeks have seen a range of countries from Japan to Colombia intervene to stop their currencies from rising to levels that would make exports prohibitively expensive. But the summit is set to be dominated by a long running and…
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IMF meets amid threat of currency war
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on October 8, 2010. Filed under
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