Point of Departure

My letter to the editor (in the context of G20 summit), Indian Express, 3 April 2009:

Given the seriousness of the global economic crisis, G-20 members must try and agree upon reform of the IMF by focusing on issues like legitimacy and scope of the financial institution. This is possible by amending the legal basis of the IMF to meet the changing requirements of the institution. Although the primary purpose of the financial institution is to ensure the stability of the international monetary system but over the years it is also providing technical assistance and training to help countries build the expertise and institutions they need for economic stability and growth. Therefore to ensure significant participation by member States of the IMF, it needs a clear mandate, transparency and effective accountability mechanisms.