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Should the IMF Become More Adaptive?

Author

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  • Ian D. Clark

Abstract

This paper addresses the question: Should the International Monetary Fund be making an even greater effort to adapt its objectives, priorities, rules, instruments, procedures, and resources to take account of changes in the global economic environment and in the needs of its members? It reviews the changes in the economic and geopolitical environment most relevant to the Fund and the ways the institution has adapted to date. It identifies the general factors that tend to inhibit adaptation in international institutions, and some of the specific factors that can facilitate adaptation in the case of the Fund. It concludes that the Fund should, indeed, be making even greater efforts to adapt, but that efforts in this regard should take account of the identified factors.

Suggested Citation

  • Ian D. Clark, 1996. "Should the IMF Become More Adaptive?," IMF Working Papers 1996/017, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1996/017
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=2002
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    Cited by:

    1. Woods, Ngaire, 2000. "The Challenge of Good Governance for the IMF and the World Bank Themselves," World Development, Elsevier, vol. 28(5), pages 823-841, May.
    2. Bessma Momani, 2007. "IMF staff: Missing link in fund reform proposals," The Review of International Organizations, Springer, vol. 2(1), pages 39-57, March.

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