NY Fed's Geithner on Bretton Woods Institution

In a speech 'The Bretton Woods Institutions in the 21st Century' given on 10 June, Timothy Geithner of the New York Fed said the IMF has taken a number of important steps to make its financial instruments more effective for dealing with the challenges inherent in a world with ever more integrated national financial systems.

"The reforms of late 90's -- the increase in the size of the Fund and its supplemental borrowing arrangements, the launch of new facilities that offered the means for large

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