October 9, 2010 8:36 PM

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G20 nations to coordinate on policies to rebalance global growth

In Washington, global finance chiefs struggled on Saturday to prevent rising tensions over currencies from derailing it. G20 finance leaders stressed they must work together and find a new way to bring about a rebalancing of global growth.G20 nations have committed to a process in which the IMF helps them coordinate on policies to rebalance global growth, but cooperation has frayed because of currency tensions.

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