What to expect from Singapore

As we approach the annual meetings of the International Monetary Fund (IMF) and the World Bank in Singapore, expectations of a meaningful reform for the Fund are running high. As discussed in an article in the May issue of this journal, the background paper presented in spring 2006 by Rodrigo de Rato, the Fund's managing director, laid out a series of proposals to adapt the Fund, and recapture its monetary role. But will this be enough? Does this new process of surveillance carry enough authorit

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