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Bitter IMF pills difficult for Asia to swallow

China Daily | Updated: 2008-12-03 08:01

As the global economic crisis worsens, the International Monetary Fund has returned to the center of the world's economic stage.

At the recent G20 meeting held in Washington, leaders agreed to give more resources and enhance the function of the fund as a way to cope with the ongoing economic crisis.

Meanwhile, the fund, which makes bailout loans to troubled economies, is also expected to undergo further reforms to better represent the economic weight of emerging economies.

Bitter IMF pills difficult for Asia to swallow

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