Belgium’s Quaden defends IMF
Guy Quaden, the governor of the National Bank of Belgium, defended the role of IMF surveillance for maintaining financial sector stability on 24 September.
"With highly competent economic analysts in central banks and governments in most countries, some have questioned the usefulness of Fund surveillance. Such is not my view," he said in Singapore. Like central bank independence, the added value of Fund surveillance rests on the political independence of Fund opinion.
However, Quaden
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