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Article: Does the IMF have a future?(International Monetary Fund)
- Article from:
- Business Asia
- Article date:
- October 19, 1998
CopyrightCOPYRIGHT 1998 First Charlton Communications Pty Ltd. 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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The International Monetary Fund (IMF) has come under fire from many quarters for its handling of Asia's financial crisis. Asia analysts have become increasingly critical of the Fund's traditional prescriptions for solving economic crises. This month's IMF meetings in Washington did little to persuade many Asian commentators that the right policies are being pursued. So where to now for the IMF? The following analysts give their opinion on the Washington talks and the way forward for the IMF.
* Zhen Bingxi, head of the World Economy Division of the China Institute of International Studies: "The IMFs terms are too harsh. The IMFs strong prescription has made many ...