BoE's King on reform of the IMF

In the speech 'Reform of the International Monetary Fund' given on 20 February Mervyn King of the Bank of England said the IMF urgently needs to reassess its purpose and needs more focus, independence and legitimacy.

In his speech in New Delhi, King set out his views in a debate on how best to reform the Bretton Woods institutions and decried a lack of honesty at meetings of international policymakers.

"If the mission of the Fund is not examined and the institution revitalised, it could slip into

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