A transformed IMF?

The IMF has a contentious reputation everywhere outside Washington. Its structural adjustment programs are infamous for imposing austerity on poorer countries in Africa and Latin America. Its role in the Asian Financial Crisis and the 2012 Euro debt crisis cemented that reputation across two more continents.

All of which makes the distance the IMF has come since 2012 all the more remarkable. This interview in the FT with Managing Director Kristalina Georgieva was remarkable for the line she is trying to draw between then and now. Please do read the whole thing.

And

Now to see if it manifests in practice…

(Link thanks to Adam Tooze’s new newsletter, well worth checking out.)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s