Publication
Aug 2006
This paper discusses the need for reform of the International Monetary Fund (IMF), arguing that the focus on reform should be complemented with an exploration of alternatives outside the IMF which hold the potential to not only give developing countries greater bargaining leverage with the Fund but also spurring the institution to better performance. The author calls for a rapid restructuring and significant cuts of the Fund’s administrative budget with the budget savings instead used to lower the interest rates charged to borrowers.
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English (PDF, 25 pages, 494 KB) |
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Author | Devesh Kapur, Richard Webb |
Series | CGD Working Papers |
Issue | 99 |
Publisher | Center for Global Development (CGD) |
Copyright | © 2006 Center for Global Development (CGD) |