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IMF\\\'s Lagarde confident G-20 will achieve target

Sunday, 21 September 2014


Christine Lagarde, managing director of the International Monetary Fund (IMF), is confident that the Group of 20 will achieve their target of boosting global growth by 2 percentage points in time for the November summit in Brisbane, she said. ‘That's the commitment, that's the goal. The fact that the finance ministers have achieved a global commitment of 1.8 [percentage points] of additional growth by the baseline is a strong indication that they will hit the 2 [percentage point] target,’ she said at the G-20 meeting in Cairns, Australia.  ‘I can't see how by being 10 per cent away from the target they would arrive at the Brisbane leaders summit without having reached the 2 [percentage point] target. So I'm confident they will get there,’ she said, according to cnbc.com