IMF given new surveillance powers

The International Monetary Fund has won new powers after its 184 member countries supported a new framework to monitor how the economic policies of one country affect others.

"We resolve to make the IMF more fit for purpose in a global economy and more able to address challenges that are quite different from those of 1945, when the IMF was created," Britain's finance minister, Gordon Brown, who also chairs the IMF's policy-setting committee, told a news conference.

"The IMF should be more able