October 20, 2008
The financial crisis has forced the IMF back onto the world stage. As the chart below indicates, many countries’ bank debt to GDP ratio has exploded in the past five years, suggesting they may need assistance rolling over their loans. The IMF has rediscovered its mission as evidenced by the number of countries considering assistance. The following articles discuss the revival of the IMF and suggest possible reforms.
Bordo, James: The Fund Must be a Global Asset Manager
Landler, Knowlton: Iceland Poised to Get $6 Billion Rescue Package
Editorial: Pakistan Needs IMF Help Badly
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