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IMF's Lagarde asks Malawi to stick to painful reforms

IMF chief Christine Lagarde has urged Malawi to stick with economic reforms that have stoked inflation and eroded public support for the new leader of the impoverished southern African nation.

Malawi President Joyce Banda, who took office about a year ago, has been trying to rebuild an economy sent into a tailspin by her predecessor, but prices have soared since she devalued the currency on International Monetary Fund advice.

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