IMF Chief:Rebuilding Global Governance Structures Vital To Future Growth,Stability

Wall Street Journal
December 8, 2010
By Ian Talley

"we need to start rebuilding these governance structures"

WASHINGTON (Dow Jones)–The head of the International Monetary Fund on Wednesday argued for rebuilding the global governance structure with the IMF at the center, warning that without a revitalized effort by world leaders under the counsel of the fund, the future of global growth and stability was at risk.

Dominique Strauss-Kahn said given that “the situation in Europe remains troubling, and the future is more uncertain than ever…we need to start rebuilding these governance structures.”

The head of the IMF warned that the Group of 20 largest industrialized and developing nations–effectively the executive board for the global economy–needed to heed the IMF’s counsel on rebalancing and financial reform.

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