Being relevant may be IMF's mission impossible

According to this article from Bloomberg, published Wednesday 9 August, several years of global calm have left the IMF with a relevance problem.

"Healthy growth and greater liquidity in capital markets mean its well-trained, amply paid army of PhDs have few financial brushfires to put out."

"With participation in its loan programs at the lowest level in decades, the IMF is facing an identity crisis. Its loss of clout has been surprisingly rapid," the article says.

"Today, it has programs of any

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