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The International Monetary Fund: Current Reforms (CRS Report for Congress)

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Release Date April 14, 2004
Report Number RS21330
Report Type Report
Authors Martin A. Weiss, Foreign Affairs, Defense, and Trade Division
Source Agency Congressional Research Service
Summary:

In the wake of financial crises in Mexico (1994-1995), East Asia (1997-1998), Russia (1998), Argentina and Turkey (2000-2001), the IMF has been challenged to rethink both its core mission, its operations, and its lending activities. The IMF has responded to its critics with numerous reforms. The reforms fall into three broad categories; crisis prevention, crisis management, and the IMF's role in economic development. This issue is of ongoing interest to Congress, which plays an active role in the reform agenda and periodically is asked to appropriate funds for the U.S. quota in the IMF.
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