We’re in it together.” The former International Monetary Fund chief economist and Harvard economist is also leading the charge against the US Congress for stalling reforms to the fund that would increase the say of emerging economies.
“There is only so long the world can wait for the US to get its act together [on IMF reform]”, he said, alluding to the fact that countries such as Brazil, India, Indonesia and China are more likely to consider building alternative bodies to act as emergency lenders to troubled nations and as a global “truth teller” of economic realities.