Review calls on IMF to deepen monetary expertise

Christine Lagarde
Christine Lagarde says she “broadly” supports the report’s conclusions
Photo: IMF/Cliff Owen

The International Monetary Fund suffers from a lack of sufficient expertise in cutting-edge monetary economics and needs to take action, an independent review finds.

The report, published today (June 14) by the fund’s Independent Evaluation Office, finds the IMF broadly made the right calls in supporting aggressive unconventional monetary policy (UMP) in the wake of the 2008 crisis, despite warnings by many economists of possible dangerous side effects.      

Yet the IEO also finds the fund

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