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IMF chief Lagarde to visit India in March


Jun 15, 2010
Press Trust of India | 28-Jan
21:30 PM Davos: International
Monetary Fund (IMF) chief
Christine Lagarde will
visit India in March. After
meeting Lagarde on the
sidelines of the World Economic Forum (WEF)
annual meeting here,
Commerce and Industry
Minister Anand Sharma
told reporters, "We had
free exchange of views and we have known
each other for a long
time. When she comes to
India in March, we will
take forward the talks." The IMF is playing a key
role in tackling the
European debt contagion
which is threatening to
derail the global
economic growth prospects. Earlier in the day, Lagarde
told delegates at the WEF
that no one is immune to
the European crisis and
urged the region's
leaders to create firewall to contain the turmoil. "No one is immune in the
current situation... It is a
crisis that could have co-
lateral effect, spillover
effect around the world.
Everybody has an interest to solve this
situation," she said. The International
Monetary Fund (IMF) sees
three necessary solution
to the current situation. "The first one is about
growth. Growth will be
critical for many reasons
to deal with the job issue,
to deal with the fiscal
consolidation and to necessitate value creation
in the part of the world,
where there is pretty
much zero growth,"
Lagarde said.

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