The IMF, after a moment of self doubt at the end of the millennium, in the light of such apocalyptic possibilities as the 'death of inflation' or even 'the end of history' is back with a bang, and this past year has seen its influence extend even further, under the presidency of the former French Finance Minister Dominique Strauss Kahn.
The Washington-based IMF is now in one of its most expansionary phases, and the decision of the European Union to invite the IMF to participate in the bail out of Greece and other potentially troubled sovereign credits created an important milestone in internationalising the eurozone, involving US and other IMF member taxpayers in the fiscal bailout of a EU member state.
Dominique Strauss Kahn's role grew significantly as a result, propelling him and his organisation to one of its highest positions of influence since it was founded as one of the Bretton Woods organisations in the wake of World War II.
The Washington-based IMF is now in one of its most expansionary phases, and the decision of the European Union to invite the IMF to participate in the bail out of Greece and other potentially troubled sovereign credits created an important milestone in internationalising the eurozone, involving US and other IMF member taxpayers in the fiscal bailout of a EU member state.
Dominique Strauss Kahn's role grew significantly as a result, propelling him and his organisation to one of its highest positions of influence since it was founded as one of the Bretton Woods organisations in the wake of World War II.