Comment: The IMF's challenge

Raghuram Rajan, the IMF's economic counsellor and director of research, said in a speech Monday 10 April at the Kiel Institute that "as the reserves of advanced emerging markets fall, they may well want to re-engage with the Fund". Behind these remarks lie a stark recognition of extent to which the IMF's grip on the economic policies of these countries has slipped.

COMMENT BY CENTRALBANKNEWS

Rajan suggested that advanced emerging markets need to be convinced that they "still have much to gain by

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