Beef Up the Budget of the I.M.F.

Editorial, The New York Times | July 26, 2010

The International Monetary Fund needs to increase its available resources and adjust its policies to new economic realities. ++ Flexible and precautionary credit lines that guarantee some measure of protection against the aftershocks of a global financial crisis are a step in the right direction. ++ The Fund’s credibility would be enhanced in the developing world if it would abandon its Eurocentric leadership policy. ++ “A strong, credible and well-financed fund is absolutely essential for global economic stability.”