IMF review of institutional view on capital controls disappoints as it largely maintains the policy framework of its predecessor
IMF's position on capital controls must be revised to recognise that they are an essential and permanent macroeconomic tool necessary to increase countries' policy autonomy and enable them to act counter-cyclically and to prevent future debt crises.
IMF’s Independent Evaluation Office suggests that Fund guidelines are too restrictive and recommends a refresh in light of recent experience and research.
The international financial system’s reliance upon credit ratings – usually based on dubious premises – needs urgent rethinking.
While the recent reforms to the IMF and World Bank governance reforms and the establishment of new Southern-led IFIs are symbolically important, they are thus far not a rupture with the Western-dominated international financial architecture.
An IMF policy paper on the international monetary system considers its future policy on capital controls and proposes a review of the IMF's institutional view on the liberalisation and management of capital flows.
This briefing analyses the role of the Bank and Fund in the UN Financing for Development negotiations.
New Bretton Woods Project report reveals World Bank Group channelling crucial development resources to banks instead of directly investing in pro-poor projects.
Aldo Caliari Monetary policy changes in rich world are now starting – the reversal of…
As emerging markets suffer renewed bout of financial volatility, risk of worse to come as IMF struggles to provide even-handed global policy coordination.