Bailey, the IMF and the fundamental asymmetry problem
The IMF must address sovereign asymmetry and transform surveillance into a tool for mutual accountability, argues Biagio Bossone
In his 2025 Mansion House address, Bank of England governor and chair of the Financial Stability Board (FSB) Andrew Bailey made a clarion call for multilateral renewal. With the world economy threatened by fragmentation, financial instability and the disruptive ascent of digital finance, Bailey called for stronger leadership by global institutions – especially the International Monetary Fund – to help rebuild a more resilient and co-operative international order.
In 2024, the IMF’s Independent
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