ANGRY IMF Forcing Check-Ups on Financial Sectors

Shaaz Nasir

IMF Survey: Top 25 Financial Sectors to Get Mandatory IMF Check-Up.

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.