IMF guilty of ‘group think’, says Fund watchdog

IMF headquarters in Washington DC

Group-think and an inability to "connect the dots" during reviews prevented the International Monetary Fund (IMF) from correctly identifying the mounting risks that emerged in the build-up to the global financial crisis, the IMF's internal watchdog has said.

In a report looking into the IMF's surveillance of the financial system in the run-up to the financial crisis released on Wednesday, the Independent Evaluation Office (IEO), the watchdog, said the IMF's ability to detect important vulnerabil

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