IMF

IMF vows to have say on currencies

The IMF will not shy away from commenting on controversial currency issues in its new role supporting the G20 accord on a framework for balanced global growth agreed in Pittsburgh on Friday, its managing director has said.

His comments came as the World Bank president welcomed G20 endorsement of a plan to create a crisis-response loan facility for the poorest countries.

“If the IMF is not talking about currency, who will?” said Dominique Strauss- Kahn, IMF chief. Asked whether this meant including currency issues in the IMF's reports back to the G20 on progress implementing the balanced growth agenda, he said: “Yes.”

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