Christine Lagarde, Managing Director of the International Monetary Fund IMF, attends a panel on the second day of the annual meeting of the World Economic Forum in Davos, Switzerland, Wednesday, Jan. 18, 2017. (AP Photo/Michel Euler)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
IMF head Christine Lagarde conceded Wednesday the Washington lender had been late waking up to the widening gap between rich and poor around the world, but is now researching answers to help the middle class.An Oxfam report coinciding with Davos this week said eight billionaire men – including Microsoft founder Bill Gates and Facebook's Mark Zuckerberg – own the same wealth as the poorest half of the world's population.Lagarde's IMF is often the most criticized for the crunch on the middle class as it often demands deeply unpopular reforms from governments in return for its financial aid.This almost inevitably stokes voter discontent, including in Greece, a country that has endured six years of harsh reform medicine as prescribed by the IMF.
FOLLOW THIS ARTICLE