IMF's policy-setting panel drops language to resist protectionism

The International Monetary Fund's policy-setting committee dropped Saturday previous language calling for resisting "all forms of protectionism," despite concerns among policymakers about "inward-looking" policies that could hurt economic growth.After a two-day meeting, the 24-member panel said it is "working to strengthen the contribution of trade to our economies." The wording is identical to that adopted by Group of 20 finance chiefs in March.The IMFC also affirmed its commitment to avoid "inward-looking policies" and work together to "reduce global imbalances."(Getty/Kyodo)The election …READ FULL ARTICLE