The role of the IMF continues to be the subject of lively public debate around the world – mostly supportive in industrialized countries, but recently also increasingly critical in Asia and Latin America. A medium-term strategy for the IMF is now also a key agenda item not only at the IMF itself but also at the G7/G8.
Related to this discussion about the role of the IMF is also a debate – and I mention only the words exchange rate flexibility and global imbalances – about the evolution of the international monetary and financial system. Another important dimension in a rapidly changing world is the possible role of the IMF in low-income countries.