IMF Revival

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