The present mode of functioning of the International Monetary Fund is far from satisfactory. They are, in fact, part of the problem.
Hostilities flare as volleys are exchanged over economic crisis.
The World Bank issued a report implying that the IMF and the US misjudged the Asian financial crisis. Now it must give them a bigger say in reform. This article from the Far Eastern Economic Review points to potential flaws in IMF plans for Asian economic policy. A public-relations firm will soon take on the task of giving the IMF a more favorable face. A Singapore Business Times report critiques the IMF's and the World Bank's role in managing global capital markets.