Twenty-first century Globalisation has brought enormous benefits in terms of growth and efficiency. Yet this same force has brought cross-border financial crises and heightened the imperative to bring into the mainstream those who are being left behind.
Shortly after becoming International Monetary Fund managing director in 2004, I initiated a strategic review aimed at determining whether the fund is fully prepared to meet the challenges and crises of today and the future. When the review is released next week it will call for adjustments that will give greater focus to the fund’s work and ensure the IMF can help all member countries face the ongoing challenge of integrating into the global economy.
