Is the IMF changing and becoming more focused on inequality? Alex Nunn, Professor of Global Political Economy at the University of Derby, UK, tackles this question. The post has links to research that is new to me, that reviews the work of the IMF through a careful review of practice and documents. My key takeaway – “So it seems that while there may be an attempt to reform the IMF to focus on reducing inequality, this has not yet fully percolated through the organisation to operational practice. We shouldn’t necessarily be surprised. Reform takes time after all.”
Christine Lagarde, the IMF and the World Economic Forum
Christine Lagarde has once again used the World Economic Forum meeting in Davos this week to highlight her quest to refocus the International Monetary Fund on the task of reducing inequality. Mme Lagarde has repeatedly made such statements at the WEF and I’ve covered these on this blog before.
Speaking at a Bloomberg sponsored event on the ‘squeezed and angry’ middle classes throughout the world, she reminded the audience that she had warned of the destabilising political effect that inequality might have. With the rise of populist political movements now very much in evidence she was once again making the same warning.
Christine Lagarde Speaking at the World Economic Forum this week
I have previously noted the IMF’s interest in inequality under Lagarde and went to meet some of the people in the Fund responsible for the research published in…
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