‘Mood’ Not There for Currency Accords, IMF Chief Says

International Monetary Fund Managing Director Dominique Strauss-Kahn dismissed chances of a return to the currency accords of the 1980s and said the fund can help member countries define policies that are coherent with a balanced recovery.

“I’m not sure the mood is to have a new Plaza or Louvre accord,” Strauss-Kahn told reporters in Washington today at the start of the IMF’s annual meetings. The IMF has a role to play “to have a better understanding of what should be done by each party” and help foster “a consistent policy by the big shareholders at the fund.”