New IMF chief prepares to take-up job

October 01, 2007

New IMF chief Dominique Strauss-Kahn said on Monday the crisis in the US "subprime" loan sector should not have a dramatic impact on growth in the world economy. "The bases of world growth today are solid bases," he told a news conference, the first since being named on Friday as managing director of the International Monetary Fund. The IMF, created in 1944, is seeking to redefine its role in a globalising world reshaped by the rising economic clout of developing countries like China, India and Brazil. Images and soundbites of the press conference.