Zanny Minton-Beddoes

Since its creation, the IMF has seen its global mission overcome by floating exchange rates and immense private capital markets. Consequently, it has focused more on the developing world, become more politicized, and wandered into riskier endeavors such as Mexico's bailout. Nevertheless, the IMF can and should be reformed to become a global rating agency, a bankruptcy judge for nations, and an international catalyst for aid and financial packages.