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Stranded? The IMF in a world of rising economic nationalism

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  • Ngaire Woods

Abstract

The International Monetary Fund (IMF) is entering a period of unprecedented challenge. Countries need its assistance to deal with debt distress, the post-Covid development crisis, new threats of financial instability, and the fallout of a decade of unconventional monetary policy. But the IMF faces two challenges of its own. As powerful countries ‘reset’ the rules on which the IMF’s work proceeds, it must build a new paradigm for advising its borrowers. Equally, as those same powerful countries show less willingness to cooperate with each other in international organizations, the IMF must keep them involved and working together within the institution.

Suggested Citation

  • Ngaire Woods, 2024. "Stranded? The IMF in a world of rising economic nationalism," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 40(2), pages 329-338.
    • Handle: RePEc:oup:oxford:v:40:y:2024:i:2:p:329-338.
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    File URL: http://hdl.handle.net/10.1093/oxrep/grae006
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    Cited by:

    1. Daniel Susskind & David Vines, 2024. "Global economic order and global economic governance," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 40(2), pages 189-219.

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