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Bulgarian economist Kristalina Georgieva is emerging as a powerful voice for the poor, as the coronavirus pandemic that has plunged the world into recession threatens to tip developing countries into chaos.

Georgieva is “doing everything she can,” said James Boughton, the Fund’s former official historian. “But she can only do so much without guidance from the G20. Ultimately the IMF is an agent of the large rich countries.”

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