Current Problems with the IMF and Challenges Ahead – A LatinAmerican Perspective

Roberto Frenkel

Working Papers from eSocialSciences

Abstract: The paper examines the current problems with the IMF which include: 1) the institution is no longer fulfilling the functions it used to fulfil, nor is there a clear vision of any new functions for it; 2) due to a drastic pruning of its loan operations, it is not receiving enough revenue to cover its operating costs; 3) the IMF has not played a notable role in the debate a-bout global imbalances, even though this issue is at the very heart of its institutional remit; 4) it is suffering a crisis of legitimacy, with its power structure questioned by many members; 5) there is a lack of confidence, from quite different perspectives, in its intellectual orientation and the quality of its policy recommendations. It also analyzes the challenges IMF will face in the future. [FES briefing paper-16]

Keywords: IMF; legitimacy crisis; challenges; industrializing economies; international finance; developing economies; SDRM; financial globalization; foreign debt (search for similar items in EconPapers)
Date: 2008-08
Note: Institutional Papers
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.esocialsciences.org/Download/repecDownl ... &AId=1614&fref=repec

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ess:wpaper:id:1614

Access Statistics for this paper

More papers in Working Papers from eSocialSciences
Bibliographic data for series maintained by Padma Prakash ().