Global leaders urge IMF reform
From Times Wire Reports
Center-left leaders from around the world called for urgent reform of global financial institutions to prevent a recurrence of the credit crisis.
About a dozen leaders, gathered by British Prime Minister Gordon Brown, issued a communique urging the International Monetary Fund to help develop an early warning system to guard against risks to the global economy.
The leaders heard a gloomy update from IMF Managing Director Dominique Strauss-Kahn, who said most of the downside risks to the world economy feared six months ago had become a reality.
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