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IMF, World Bank seek new legitimacy

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The IMF and the World Bank held annual meetings this week in Washington under a cloud of financial constraints and questions about their legitimacy as bulwarks of the global economy. 

IMF Managing Director Christine Lagarde speaks at the Development Committee October 12, 2013 at the World Bank in Washington, DC

The 188-nation sibling institutions will turn 70 next year in a global economy less and less dominated by the United States and Europe, as Brazil, China, India and other emerging-market economies muscle their way onto center stage.

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