IMF: back from the dead4 min read . Updated: 23 Nov 2009, 10:14 PM IST
IMF: back from the dead
The International Monetary Fund (IMF) has definitely had a very good crisis. Just over a year ago, it was an institution on life support: ignored by most developing countries; derided for its failure to predict most crises in emerging markets and its often counterproductive responses to such crises; even called to book by its auditors for poor management of its own funds!
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