Reforming the IMF: Back to the Drawing Board

Topics:
Commercial Lending,
Import Export,
World Bank
Tags:
Board,
Business Operations,
Corporate Governance,
Corporate Law,
Finance,
Financial,
Financial Accounting,
IMF,
Stability
Source:
Intergovernmental Group of Twenty-Four

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Overview: This paper aims at contributing to this process. A main conclusion that emerges from the discussions above is that the original rationale of the Fund, namely to safeguard international monetary and financial stability, is now even stronger than in the immediate postwar era given the size and speed of international capital flows and their capacity to inflict damage on the real economy. Thus the Fund needs to go back to its core objectives and focus on preventing market and policy failures in order to attain greater international economic stability and facilitate expansion of employment, trade and income.

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Format: PDF | Size: 321KB | Date: Aug 2005 | Pages: 53

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