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Rato on key steps in IMF reform

In the speech 'Key steps in IMF reform: Taking stock on the eve of the annual meetings in Singapore' given on 5 September Rodrigo de Rato of the IMF said the global economy has been resilient in the past year, and growth prospects are still very good.

"In the United States, the speed of the expansion is moderating to a more sustainable pace, largely reflecting the slowdown in the housing market and the effect of higher interest rates," he said.

"But elsewhere in the world, growth prospects are

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