“the institution must improve its public relations”

Lagarde is obviously trying to help resuscitate the IMF with some kind of makeover. The imperialist ways of the IMF stem simply from the fact that it is largely controlled from Washington and London. There is nothing to stop the G20 itself from raising and administering any bailout fund.

IMF must end its “imperialist” ways-France

Reuters, Sunday November 9 2008 Guardian

SAO PAULO, Nov 9 (Reuters) – Several countries are deeply scarred by the “imperialist” approach taken by International Monetary Fund in past lending packages and the institution must improve its public relations, France said on Sunday. Read the rest of this entry »

The West in retreat, the pot running dry
CARL MORTISHED
carl.mortished@thetimes.co.uk Globeandmail
October 30, 2008
LONDON — We are witnessing another great retreat by the West. The International Monetary Fund is patching up the casualties in Central and Eastern Europe but the funds are running out and Gordon Brown, the British Prime Minister, is rushing to the Gulf to beg for funds. Turkey, our ally in the Near East, may also be in need of help and something must be done for Pakistan. A financial collapse on the front line of the war against the Taliban is not a risk worth contemplating. Read the rest of this entry »