The mood was upbeat, thanks in part to Friday's spectacular
"The G20 meeting in
While Lagarde turned her steely gaze upon the hi-jinx of a U.S. Federal Reserve seemingly distracted and divided on how best to draw down a stimulus exit, British Chancellor of the Exchequer George Osborne joined the IMF in chastising emerging markets for what he suggested was unconstructive "finger-pointing."
Harcourt told Xinhua that hopes were crystallizing around a G20 that recognizes the diversity of the world economy, and the importance of the emerging economies.
"It gives some new economic stars like
Lagarde, who has commanded absolute attention over the first few days, told reporters "just a hint of tapering" in May last year had sent reverberations across global markets.
"Don't go too fast and explain what you are doing," the IMF chief said in a press conference open to the public, noting that the taper would be front and center of discussions over the weekend.
Emerging markets leaders such as
U.S. policy makers responded this week by describing the issue as "primarily" driven by domestic policies within emerging-market countries.
And that is where the differences begin. (Cihan/Xinhua)
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