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Lagarde faces quadruple challenge at IMF

Swaha Pattanaik 

Swaha Pattanaik Christine Lagarde's second term as manager of the International Monetary Fund (IMF) will be no more relaxing than her first. The French national already navigated a near-implosion of the euro zone. Now her challenges are fourfold. First, low oil prices are pushing the more fragile energy-producing countries into the IMF's arms. Lagarde said on February 4 that help would be available if the likes of Nigeria and Azerbaijan needed it. At least such missions are well within the IMF's comfort zone. Second, a rout in emerging markets is spreading to developed ones. Rising borrowing ...

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First Published: Sun, February 14 2016. 21:31 IST