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Article: IMF at 60: reflection on reform at the IMF and the demands of a changing world economy.(Cover Story)
- Article from:
- Finance & Development
- Article date:
- September 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 International Monetary Fund. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ANNIVERSARIES are a time for introspection. For the IMF, July 2004 marked the 60th anniversary of the conference in Bretton Woods, New Hampshire, when delegations from 44 allied countries drafted and agreed upon the IMF's charter. The world economy has undergone a sea change in these 60 years, and the IMF's membership has expanded to 184 countries. The IMF's role and work have evolved in response, but, like any large organization, its ability to change has been limited by its own rules and mandate and has been held back by inertia. That inevitably leads to some mismatches between the reality and the ideal, and this year's anniversary--coupled with the arrival of a new ...
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