What are the key areas of reform if the International Monetary Fund (IMF) has to align with the current economic realities? (Answer in 150 words)
Main Body
The International Monetary Fund was created in 1990, to ensure a sound economic and policies throughout the world and finance countries. Key areas of reform of IMF are as follows: a Ensuring an equal footing or lead developed countries gets equal say in it. b Investigatory in role to take account of any money laundering, terror financing. c Financing to poor and developing countries without compromising their sovereignty and their internal policies. d Increasing in surveillance respects dirty to overlook any distress in market and any future case possibility of recession or economic down. e Taking decision based on consensus values their working on direction of powerful nations. f Ensuring that countries are not forced to take local leading to in eur debt trap. With the economy is changing with changing forms, IMF needs to change to ensure global economy function smoothly.
Conclusion
With the economy changing with changing forms, IMF needs to change to ensure global economy functions smoothly.
17 words
Vaibhavi Agrawal
International Institutions, Agencies and Fora - Structure and Mandate
Important International Institutions
IMF reforms and economic governance
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analytical
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