IMF Capacity
IMF lending capacity as a percent of cross border bank lending to developing countries has declined steadily over the past three decades. The global economic crisis has revealed the need for more funds. In response, G20 leaders agreed to increase the IMF’s lending capacity by $750 billion.
Original Chart: IMF Gross Capacity as a percentage of total cross border bank lending.
Mallaby: Supersize the IMF
Truman: Unfinished IMF Reform (VoxEU.org)
Landler: Rising Powers Challenge U.S. on Role in IMF
Economist: The IMF-More to Give
Peel: Political Will For IMF Reform Is Lacking
Update: G20 leaders agreed to increase the IMF’s lending capacity by $750 billion.
Pimlott: G20 Agrees $1,100bn To Fight Crisis
Fidler, Davis, Mollenkamp: World Leaders Agree on Global Response
[...] Capital flows had grown more rapidly than the IMF’s lending capacity. If capital flows were stable that wouldn’t have been a problem. But they weren’t, and the IMF’s small size really was crimping the world’s ability to respond to one aspect of the current crisis. As my colleagues at the Council’s Center for Geoeconomic Studies have documented, the expansion of the IMF’s lending capacity puts it back in the game. Do check out Paul Swartz’s graph. [...]
[...] money shot for all you global governance and development geeks out there is a graph Curzon Price recycles from Paul Swartz at Council on Foreign Affairs Geo-Graphics [...]