Rethinking the IMF Raison d’Être: A Perspective from the Global South
The International Monetary Fund (IMF), brought into existence in 1944 amidst the profound upheaval of a world reconstructing itself after the cataclysm of World War II, was envisioned to foster currency convertibility and international trade within the framework of the Bretton Woods system. Its noble aim was to stabilize global economies and extend a lifeline to financially distressed nations....