European governments are maneuvering to place French Finance Minister Christine Lagarde at the helm of the IMF. The price: serious IMF reform.
World powers can't rely more on the International Monetary Fund to buffer the impact of the economic crisis on poor nations unless they fix many of the Fund's flaws first.
We've got the best opportunity in 60 years to create a more pro-people global financial order.
African nations will need help coping with fallout from the international financial crisis which they played no part in creating.
The IMF's proposed modest reforms will fail to resolve its legitimacy and relevancy crisis.