Commentary: IMF adapts and underpins legitimacy
By Mark Sobel in Washington
The two decades since the Asia financial crisis have not been easy for the International Monetary Fund. It grappled with the rise of China and emerging markets, and the 2008 financial crisis. Then it faced Europe’s crisis, including the Greek saga. During this tough period, the IMF has adapted its economic thinking, underpinned its legitimacy and repaired relations with Asia.
Operationally, the Fund overhauled its work....