Central bankers and financial delegates have gathered in Washington, DC this week for the annual International Monetary Fund (IMF) and World Bank meetings, which conclude on Saturday. Discussions this week have focused on global economic headwinds, as the IMF warns of signs of distress following US trade tariffs and protectionism. The IMF is widely seen as a “lender of last resort”, only stepping in when countries face severe financial crises and cannot access usual borrowing channels.
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