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Washington moot

Global moot to discuss challenges to globalization from Trump, Europe populists

WASHINGTON: In annual financial moot of the International Monetary Fund (IMF) and the World Bank heree the World finance leaders have defended globalisation against the policies of U.S. President Donald Trump and European populists. They argued that blocking free trade would hobble economic growth instead of saving jobs from foreign competition. World Bank President Jim Yong Kim told media-persons that free trade and more openness were “critical for the future of the world.” Christine Lagarde, the managing director of…