In a post-financial crisis world, the International Monetary Fund (IMF) has played a key role in supporting countries hit by the 2008 global financial meltdown – most recently with a €1.6bn programme announced for Greece – while ramping up its surveillance work to prevent another crisis.
But the IMF also prides itself on the manner in which it has transformed itself. If it were once perceived to be focused purely on promoting fiscal discipline and maintaining global macroeconomic stability, it is now keen to broadcast the third pillar of its mandate – capacity development – as well as building on newer policy work, including promoting gender equality and environmental sustainability.
