Publication

This report discusses the value of efforts to reform the International Monetary Fund (IMF). The author assesses the IMF managing director’s reform proposals in both the Fund’s substantive areas of work and its governance. He endorses some, criticizes others and urges a more aggressive IMF role in confronting global imbalances. The report concludes that the US should actively support IMF reform and not try to achieve unilaterally what the IMF can and should achieve multilaterally.