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Friday, April 23, 2010

Gloom Greets IMF, World Bank Meetings

Gloom Greets IMF, World Bank Meetings: "

Finance ministers from around the world will gather in Washington this weekend for meetings of the World Bank and the International Monetary Fund. The world economic outlook has brightened since last year's meetings, but the IMF is far from sanguine about the future. Last year's worries about private sector debt and bank failures have been replaced by even more serious concerns that whole countries could default as a result of their own dramatically rising debt burdens.

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