Imf to Slim Down

Daily MailDecember 08, 2007

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Summary


THE International Monetary Fund, which became bloated in the 1990s as it expanded into Russia and Eastern Europe, is to cut annual costs by Pounds 50m and axe up to 400 jobs.

The review comes after Dominique Strauss-Kahn, a former French finance minister, took the top job at the IMF on November 1, succeeding Rodrigo de Rato.

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Imf to Slim Down

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