I don't think there is a need to weaken the terms, but rather to clarify them. Because in reality, the IMF, through its financial support and the conditionality which accompanies it, is the only international institution capable of making a significant contribution to macrofinancial stability in many countries. It would be an illusion to believe that the structural reforms essential to establishing a market economy and abolishing poverty would be possible without this stability. This is why I am convinced that the IMF has a central role to play in development. This brings up the question of a global governance aiming at globalization with a human face.
Finance is globalized.
Financial power must also be. And, to the extent possible, the democratization of the associated institutions. France has made several proposals toward this goal, thus far without much success, and we maintain them. The mandate of the institutions situated at the summit of the financial architecture must be universally recognized. This requires determined action on the part of the international community.