| Paul O’Neill | ||||||
The IMF is making changes to pacify the Bush administration after new US treasury secretary, Paul O’Neill, sounded a note of scepticism about the role of supranational organizations in the capital markets. O’Neill stated on February 15 that he attaches particular priority to a “transparent and accountable” IMF. O’Neill sees the IMF’s role as one of a watchdog in the markets, alerting governments to growing problems before they fully develop.
On the same day, the IMF established a section on its website dedicated to financial disclosure, staff ethics and dispute resolution.
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