It is astonishing that there has been no public discussion, or debate in congress, about the IMF's utilizing the private market for the bulk of its funding. This article suggests that it can be done with a minimum of effort and in a manner that does not require the IMF to return to congress and member nations' legislatures periodically for replenishment.
Before examining the best method of using the private capital markets to supplement the IMF's resources, it is well to consider present funding procedures and certain problems in the IMF's articles of agreement. The IMF's present sources are:
Member states' contribution of quotas relative to their size and wealth. These quotas are periodically increased but this requires legislative approval from each state,...
You must be a trialist or subscriber to view this content
Please Subscribe or take a Free Trial below.
Already a subscriber? Log in here.
Subscribe online today
- Euromoney magazine in print
- Unlimited access to Euromoney.com
- Over a decade of archived content
- All the latest industry news, analysis and commentary
- Access to all our survey and award results
- More than 30 specialist supplements a year
- Personalised email news feeds
Subscribe
Free 48 hour access
- Online access to Euromoney.com
- Comment and in-depth analysis of the international capital markets
- The best of our editorial comment by email
- Complimentary digital magazine sample
Start Trial
Questions about your subscription status?
Email us or call: +44 (0) 20 7779 8888