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IMF: Fit for the Future?

Can the IMF meet the needs of the global economy, silencing the critics who say it can't?

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Summary

Set up in the 1940s to ensure the world never again faced catastrophic economic recession, the International Monetary Fund has become a controversial presence in the management of the global economy. It is powerful, it is bossy and it is largely controlled by the USA and Europe. One of the IMF's top officials David Lipton, comes on to the show to answer the critics and to outline his vision for the IMF's future. He is joined by former IMF economist Professor Kenneth Rogoff and others who argue it's time for the IMF to reform to meet the needs of the 21st Century. PHOTO: A participant of the left-wing activists and members of the Greek community of Hungary holds a slogan to protest against the political and financial situation of Greece (CREDIT: Attila Kisbenedek/AFP/Getty Images)

First published

02/08/2016

Genres

business

Duration

26 minutes

Parent Podcast

In the Balance

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Episode Description

Set up in the 1940s to ensure the world never again faced catastrophic economic recession, the International Monetary Fund has become a controversial presence in the management of the global economy. It is powerful, it is bossy and it is largely controlled by the USA and Europe. One of the IMF's top officials David Lipton, comes on to the show to answer the critics and to outline his vision for the IMF's future. He is joined by former IMF economist Professor Kenneth Rogoff and others who argue it's time for the IMF to reform to meet the needs of the 21st Century. PHOTO: A participant of the left-wing activists and members of the Greek community of Hungary holds a slogan to protest against the political and financial situation of Greece (CREDIT: Attila Kisbenedek/AFP/Getty Images)

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