IMF's Kohler says crisis advice is now more humble

US - The managing director of the International Monetary Fund, Horst Kohler, said Tuesday that the IMF had "a lot to learn" about preventing financial crises.

Speaking in Japan, Mr Kohler said the Fund was now more humble about giving advice to its borrower countries, pointing to the failure to prevent the financial crisis in Latin America.

"To resolve home-grown problems, no external advice, however sound, and no amount of external financing can substitute for self-responsibility and political

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