US Must Have Less Power Over the IMF
Editorial, The Hindu | April 14, 2009
While the recent pledge by the G20 to increase the resources of the IMF is welcome, the organisation desperately needs to restructure and reform if it is going to play an effective role in solving this current economic crisis. ++ Countries such as China and India should be given a greater say in the running of the IMF, while the US should be given less control. ++ Developed countries, which will benefit from the increase in the IMF's resources, should make sure they lend their extra allocation of funds to the developing countries that need it most.
Tags: | G-20 |
IMF |
developing countries |
international money issues |
international organizations |