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IMF chief: World facing triple crisis

06-13-2012 04:42 BJT

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IMF chief Christine Lagarde has warned that the world is facing a "triple crisis" and urged countries to take action to combat all three. Speaking in Washington ahead of the upcoming Rio+20 summit, Lagarde said the current economic crisis was hampering the world’s ability to address environmental challenges. She wants countries to address economic, environmental and social concerns together.

Christine Lagarde, Managing Director of IMF, said, "Today I believe that we are facing a triple crisis: an economic crisis, an environmental crisis and also increasingly, a social crisis. The global economy is still rocked by turmoil with uncertain prospects for both growth and jobs, let alone stability. The planet is warming rapidly with unknown and possibly dear consequences down the line. And across too many societies the gap between the ’haves’ and the ’have nots’ is getting wider and strains are getting fiercer."

IMF chief Christine Lagarde has warned that the world is facing a "triple crisis" and urged countries to take action to combat all three.

Editor:Zheng Limin |Source: CNTV.CN

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