The International Monetary Fund (IMF) should have been able to step in as the "first responder" to emerging markets when the crisis broke, Dominique Strauss-Kahn, its managing director, said on Friday.
Speaking at the annual Bretton Woods Committee's annual meeting in Washington, Strauss-Kahn said that the Fund should have been able to lend more and faster to emerging market economies, a role that had instead been filled by the Federal Reserve and other central banks, which stepped in to provide
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