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Devaluation plan tests IMF World Bank talks
Washington dispatch reports 48 nations deliberating currency devaluations to ease a global dollar shortage and boost trade. The IMF and World Bank directors push for higher exports, lower production costs, and revived multilateral trade while Britain negotiates under the Anglo American Canadian dollar conference. The plan faces critique over potential higher living costs and questionable efficacy.
MENTIONED IN THIS ARTICLE
Washington
International Monetary Fund
World Bank
Western Hemisphere
North
South America
United States