IMF HAS TO REINVENT ITSELF TO MEET NEW CHALLENGES
EXTENSIVE REFORMS NEEDED TO MAKE THE INSTITUTION RELEVANT
2019-08-09 11:01
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International Monetary Fund, one of the two Bretton Woods Institutions to meet economic challenges in the aftermath of Global recessions of 1930’s and the Second World War is certainly at cross roads. It is now neither fully equipped nor has the financial muscle to deal effectively and fully any future global crisis. But at the same time one cannot ignore or do away with IMF as the World needs a lender of last resort to handle financial crisis of the 21st century as the multi-lateral institution did with a great amount of success in the 20th century.