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Friday, October 23, 2009

IMF: 2 or 3 members to be added

International Monetary Fund managing director Dominique Strauss-Kahn said the Group of 20 of the world's biggest economies would have a more global reach if it included a few new members.

"We could add two or three countries," Strauss-Kahn told reporters after a speech in the Norwegian capital on Friday.

He did not name any countries that he believes should be added but said that, for example, Scandinavian countries did not have a seat at the G20, nor did African states.

Asked if he was concerned about other countries imposing a tax on capital inflows as Brazil has done, he said: "No, I'm not afraid and it's not that important. I am not sure if it's that effective or manageable."

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