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IMF, World Bank focus on economic risks of Brexit, tax evasion

IMF Managing Director Christine Lagarde speaks, holding a copy of the global policy agenda, during the 2016 International Monetary Fund, World Bank Spring Meetings at IMF headquarters on April 14, 2016The IMF and World Bank focused Thursday on Britain’s possible EU pullout and widespread tax evasion as key threats to the global economy as they opened their Spring Meetings. Laying out a broad spectrum of risks, from refugee crises and rising protectionism to climate change, the leaders of the two powerful global development banks called for the most developed countries especially to take “immediate” action to stimulate growth to avoid backsliding into a worldwide stall. “In the global economy, there are not many bright spots,” said World Bank President Jim Yong Kim.

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