The IMF Beyond The Crisis
The upcoming G-20 Summit will evaluate the impact of stimulus measures undertaken so far, seek stronger international capital requirements for large cross-border banks, and address the perverse financial incentives that led to irresponsible risk-taking in the financial sector. But the most lasting change would be to give the IMF a broader mandate to ensure financial stability.
WASHINGTON, DC – When world leaders gather in Pittsburgh for the G-20 summit, they will take stock of the impact of the stimulus measures undertaken so far and discuss how to coordinate an orderly exit from those measures. They will need to strengthen international guidelines for capital requirements for large multinational banks and address the perverse financial incentives that led to irresponsible risk-taking in the financial sector. But the most lasting imprint they could leave is to give the International Monetary Fund a broader mandate after this crisis is over.
WASHINGTON, DC – When world leaders gather in Pittsburgh for the G-20 summit, they will take stock of the impact of the stimulus measures undertaken so far and discuss how to coordinate an orderly exit from those measures. They will need to strengthen international guidelines for capital requirements for large multinational banks and address the perverse financial incentives that led to irresponsible risk-taking in the financial sector. But the most lasting imprint they could leave is to give the International Monetary Fund a broader mandate after this crisis is over.