Strauss-Kahn Seeks Greater Power for IMF

    The International Monetary Fund needs a bigger role in the policing of the global financial system and in emergency financing, according to Agence France-Presse. Managing Director Dominique Strauss-Kahn said before the Bretton Woods Committee that strengthening the IMF is necessary to promote financial stability, Australia’s the Age reports. Strauss-Kahn is also pushing for a new reserve global currency to serve as alternative to the U.S. dollar.

    About the author

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      Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.