REUTERS: IMF members set aside trade split as French vote rattles nerves

04/24/2017

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April 24 | By: Leika Kihara and Francesco Canepa.  

International Monetary Fund members on Saturday dropped a pledge to fight protectionism amid a split over trade policy and turned their attention to another looming threat to global economic integration: the first round of France’s presidential election.

Concerns that far-right leader Marine Le Pen and far-left rival Jean-Luc M√©lenchon, both critics of the European Union, could top the field in Sunday’s vote added to nervousness over U.S. trade policy at the IMF and World Bank spring meetings.

“There was a clear recognition in the room that we have probably moved from high financial and economic risks to more geopolitical risks,” IMF Managing Director Christine Lagarde told a news conference.

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