IMF To Propose Five-Point Plan to Reform Finance System
The AFP reported earlier today that ‘the International Monetary Fund will propose five main ways to reform the global financial system with the fund reasserting a regulating role, when G20 countries meet in two weeks’ time.’
IMF head Dominique Strauss-Kahn told the French Le Monde newspaper that ‘he expected the meeting of Group of 20 leading economic countries on November 20 to take full acount of “the historic situation which we are living through.”‘
Therefore, he said, the meeting should give “a decisive impulse on the basis of the document which we will submit on the lessons of the crisis, for reform of world governance.”
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