Can the World’s Economic Firefighter Adapt to the 21st Century?
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As wars, trade spats, and AI reshape the global economy, the IMF has held its role as the world’s lender-of-last-resort steady. Much of its governance, including countries’ shares of voting rights, have remained the same over decades, often requiring lending countries to return to the same austerity playbook. Gita Gopinath, former first managing director of the IMF says that the stability is by design in times of greater geopolitical uncertainty while Boston University’s Kevin Gallagher says that some parts of the IMF are due for an upgrade. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevis
Tags: AI, Boston University, David Westin, Fiscal Policy, Gita Gopinath, Global Economy, Harvard University, International Monetary Fund, Iran war, Kevin Gallagher, Multilateralism, Scott Bessent, crisis, geopolitical risks, trade relationship
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