Transparency humbles, ensures the injection of fresh intellectual blood, improves performance, gives taxpayers a good feeling. The IMF needs to be humbled. Its actions have been politicized lately. It intervenes in the internal affairs of dozens of soverign, reasonably managed countries and its intervention is not confined to matters economic. It is one of the most rigid and intellectually handicapped organization in the world, yet it considers itself a bastion ofeconomic ingenuity and righteousness.
Delusions of grandeur are dangerous on such a scale.
It must strive at least to BE SEEN to be trying to minimize the social costs of its often-botched plans. It must not behave as a colonial power, which it often does. It must establish trust rather than impose discipline. Otherwise, it stands no chance to laugh last. Actually, it stands no chance even to survive.