The Future of the IMF

WASHINGTON, D. C: The gathering pace of globalization, especially of financial markets; the transition of many countries from planned to market economies; and the longstanding plight of impoverished peoples offer never-ending challenges. What is the International Monetary Fund's role in confronting them? For 13 years I was privileged to lead an IMF whose strengths include fostering economic cooperation and providing advice and assistance to 182 countries as varied as the United States and the smallest Pacific island nation. The IMF does this on the basis of a clear, tried and tested mandate that is as relevant today as when the IMF was created over half a century ago.