An IMF We Can Love?
Until the onset of the global economic crisis, the IMF seemed condemned to run out of income, in addition to losing its raison d’être. Now, following the G-20 summit in London, its lending capacity has been tripled, while traditional conditionality will be relaxed and developing countries will gain a larger say in how the organization is run.
https://prosyn.org/yHzfZOB
CAMBRIDGE – What a difference the crisis has made for the International Monetary Fund. It was just a few months ago that this important but unloved institution, a landmark of post-war global economic arrangements, seemed destined to irrelevance.