A prescription for the IMF - The Hindu

A prescription for the IMF - The Hindu

My VIEW:

It would be in the long
term interest of organisations like IMF and UN to think of reforms which will
help them serve the interests of all member-nations irrespective of their
present stage of economic development. If world bodies allow themselves to be
dominated by so-called developed countries who are retaining their ‘management’,
different geographical areas and ‘developing’ nations will form sub-groups to
protect self-interests. The signals being sent out by organisations like BRICS
by forming parallel financial institutions should be taken note of by richer
nations. Interdependence and mutual help can make living on this planet more
peaceful and comfortable for all.
M G Warrier

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