IMF

Focus on EU irks emerging markets

Guido Mantega, Brazil’s combative finance minister, is exasperated by the grim predictability of International Monetary Fund and World Bank gatherings. Time and again in recent years the eurozone crisis has dominated proceedings.

“Every meeting that we’ve had there are the same problems,” Mr Mantega told the Financial Times in an interview at the annual meetings of the Bretton Woods financial institutions, which ended in Tokyo yesterday.

The only difference this time, he said, was that the rest of the world economy was now suffering a knock- on impact of the crisis.

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