It has also been implied that the relationship between the IMF and the ILO is such that one predictably criticises the other's reports, and that my initial praise for the report was therefore no more than routine politeness to UN colleagues. Nothing could be further from the truth.

The IMF and the ILO are co-operating organisations that share a mutual respect for each other's work. To suggest otherwise is doing a great disservice to both.

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First Published: Sep 11 1996 | 12:00 AM IST

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