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Finance leaders urge currency peace.

Friday, Oct 08, 2010 - 01:37

OCT 9 - World finance leaders seek to tamp down simmering currency tensions that threaten to drag on an economic recovery that is already too slow and uneven for their liking. Katharine Jackson reports.

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And for the future. Yeah Iannetta expects emerging markets to grow it three times the pace for the advanced economies next year. Now of those countries are seeking greater decision making power at the IMF. In match their economic prowess. Strained over currency valuation we're expected to remain focused for the meetings . Trade partners consider China's policy of managing the value of its we want. Unfair. Charging that the undervalued currency permits China to rack World financial leaders at the opening session of the I and that World Bank meetings in Washington. Such a huge tensions over currency values Fina world economy is recovering. Albeit very slowly. IMF managing director Dominique Strauss -- In Europe as we all know that recovery. Is sluggish. And in the United States. It's remains. Set you. But nevertheless. We in the IMF Colorado on the optimistic side. And we don't believe. In the possibility of a double -- World Bank president Robert Kelly can't emerging markets which bounced back from financial crisis with strong growth. Are now key to global economic recovery. The emerging markets are helping global demand. So the message. Is that the developing world is part of the solution vote today. And for the future. Yeah Iannetta expects emerging markets to grow it three times the pace for the advanced economies next year. Now of those countries are seeking greater decision making power at the IMF. In match their economic prowess. Strained over currency valuation we're expected to remain focused for the meetings . Trade partners consider China's policy of managing the value of its we want. Unfair. Charging that the undervalued currency permits China to rack up huge trade surpluses at others expense. Katherine Jackson Reuters.

Finance leaders urge currency peace.

Friday, Oct 08, 2010 - 01:37

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