Download or read book Should the IMF Become More Adaptive? written by Ian D. Clark and published by International Monetary Fund. This book was released on 1996-02 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper addresses the question: Should the International Monetary Fund be making an even greater effort to adapt its objectives, priorities, rules, instruments, procedures, and resources to take account of changes in the global economic environment and in the needs of its members? It reviews the changes in the economic and geopolitical environment most relevant to the Fund and the ways the institution has adapted to date. It identifies the general factors that tend to inhibit adaptation in international institutions, and some of the specific factors that can facilitate adaptation in the case of the Fund. It concludes that the Fund should, indeed, be making even greater efforts to adapt, but that efforts in this regard should take account of the identified factors.