LONDON: New management usually signals a new beginning. For the International Monetary Fund, however, the opposite is needed. Michel Camdessus' successor as IMF managing director should be charged not with renewing and reinvigorating the Fund, but with either drastically curtailing its functions or closing it down.
LONDON: New management usually signals a new beginning. For the International Monetary Fund, however, the opposite is needed. Michel Camdessus' successor as IMF managing director should be charged not with renewing and reinvigorating the Fund, but with either drastically curtailing its functions or closing it down.