Passage 2 As fears grow that the world economy is going into recession, finance ministers and central bank chiefs from the main industrialized nations have had talks in Washington (1) the annual meetings of the International Monetary Fund and the World Bank, which begin next Wednesday. Correspondents say they have been (2) ways to show the world that decisive action will be (3) to restore confidence. United States Treasury Secretary emerged from the meeting, (4) the group of seven had had (5) he referred to as long and intense discussions on how to end the global financial cr. The communique (公报) stated that the balance of risks in the global economy had shifted. Without spelling it out, the ministers made (6) clear that the er now was recession (7) not inflation. The communique went on to say that each of the seven had to do its part to promote recovery and financial stability while keeping markets open. Japan received the most (8) . Tokyo was told that it had to take swift (9) so that it could (10) economic growth, and (11) the country’s banking cr. Much of the statement was (12) to developing countries. The seven were worried about the (13) of funds from the emerging markets. Here the discussions (14) on Brazil, which has recently seen a billion dollars a day leaving the country. And there was a special message for the Russian representatives who joined the meeting. There had to be faster reform and comprehensive restructuring of the financial sector, but there are few who believe that that advice will be (15) in the near future.

Passage 2