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IMF warns against trade and currency wars; urges fix to global rules

IMF MD Lagarde calls for a de-escalation of conflicts that hurt "innocent bystanders"

Indonesia President Joko Widodo (second from right) greeting IMF MD Christine Lagarde. He is accompanied by President of the World Bank Group Jim Yong Kim (second from left) and Indonesian Finance Minister Sri Mulyani Indrawati during a seminar at the IMF and World Bank annual meetings in Nusa Dua, Bali, Indonesia, on Oct 11. The IMF and World Bank meetings were attended by more than 19,000 delegates.

Nusa Dua, Indonesia

INTERNATIONAL Monetary Fund managing director Christine Lagarde on Thursday warned countries against engaging in trade and currency wars that hurt global growth and imperil "innocent bystanders." Formally launching the IMF and World Bank annual meetings on the...

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