IEO calls for IMF to rethink house view on capital controls
Independent review says 2012 reform was helpful but still suffers from shortcomings
The International Monetary Fund should revisit its “institutional view” (IV) on the use of capital controls to tackle several shortcomings, a new report by the fund’s Independent Evaluation Office finds.
The IEO says the IV, adopted in 2012, was a “major step forward” in providing better advice to member countries on how to deploy capital controls. But the IV also would benefit from a “refresh” in several areas, the organisation says.
The 2012 reform was a watershed moment for the fund, which
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