IMF's Ahmed on modernizing the IMF for the 21st C

In the speech 'Modernizing the IMF for the 21st Century' given on 18 October Masood Ahmed of the IMF said the past decade or so has been a particularly challenging one for the Fund and for the 184 countries which are its members.

"A period of rapid and far-reaching change for the global economy, as the process of globalization accelerated. National and international policymakers, including the IMF, have had to adapt to keep pace with these changes. Financial crises in Asia, Russia and Latin

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