IMF - Speeches

Evolution not Revolution: The Changing Role of the IMF in the Global Economy.

By Anne O. Krueger at Stanford University.

As a consequence of what we learned, the Fund has made important and far-reaching adjustments to the way it works. Now is an appropriate moment to assess what we have done and to consider what further changes need to be made. There will, of course, always be a need for change: the world is constantly evolving and so must we at the Fund if we are to continue to fulfill our central purpose: the maintenance of international financial stability. Indeed, the Fund's history, like that of the international economic policy community as a whole, is one of adapting to change. Success in meeting some challenges inevitably brings fresh ones in its wake. We are proud to be a learning institution.

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