IMF plans to strengthen financial market work

Rodrigo de Rato, Managing Director of the IMF announced proposals on Wednesday 1 February to strengthen the Fund's financial and capital market work by creating a new department that will be a center of excellence for all aspects of financial, capital market, and monetary work in the IMF.

The new department, which will start work in the middle of the year, will merge the functions and staff of two existing departments, the International Capital Markets Department (ICM) and the Monetary and Fin