IMF committee forgoes communique due to apparent Russian opposition

The policy-setting body of the International Monetary Fund wrapped up discussions Thursday without issuing a communique as seen in the past, apparently due to Russia opposing language that condemned its invasion of Ukraine. “Members have made an overwhelming call to stop the war. Concerns have been voiced on the negative impact of the war, which goes beyond neighboring countries and has a global scope,” International Monetary and Financial Committee Chair Nadia Calvino told a press conference after the meeting in Washington. Since the IMFC works on the basis of consensus, however, agreement ca…

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