IMF: Fit for the Future?
Set up to ensure global stability, must the IMF be overhauled to bring it into line with 21st Century needs? One of the IMF's leaders answers his critics and talks about change
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)