IMF are trying to stay relevant in these economic times on the international stage but with Europe loosing its significance, can the IMF do anything?
The review of a IMF country’s financial stability would cover three core elements.
• Risk — the source, probability, and potential impact of the main risks to financial stability
• Policies — the country’s financial stability policy framework
• Crisis resolution — the authorities’ capacity to manage and resolve a financial crisis.
So is this institution fighting for relevance? Or reputation a sunk cost? Time will tell. My guess: they are rock solid.