The Misguided, Self-Defeating War On the IMFBy
You have to feel a little sorry for the International Monetary Fund and its managing director, Christine Lagarde. Invited to give the commencement address at Smith College, an elite women’s college in Massachusetts, Lagarde canceled her appearance last week in the face of student protests calling the fund imperialist. Meanwhile, legislation to enable IMF voting reform is being held up by Senate Republicans concerned that under the proposed changes, the fund wouldn’t be imperialist enough—and would bolster the influence of countries such as China and Russia at the expense of the U.S.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.