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01 Sep 2005

Is the IMF business model still valid?

Angel Ubide

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This paper reviews the current business model of the International Monetary Fund and proposes changes to sustain its viability and improve its capacity to tackle future crises. Based on recent developments and on the demands of the IMF’s prospective clients, it argues for an independent surveillance process, a redistribution of power and chairs on the Board, establishment of an automatic insurance facility and a substantial increase in the capital base of the IMF.