With the G20 Leaders’ Summits in Washington in November, 2008 and in London earlier this month providing direction, a more comprehensive multilateral response involving a range of institutions, with the Fund in the forefront, has now been crafted.
Surveillance Core to the very existence of the IMF is its surveillance role – monitoring global, regional and national economies to assess whether countries' policies are consistent not only with their own interest but also with the interest of the international community. The on-going crisis has highlighted the relevance and importance of strengthening and appropriately focusing Fund’s surveillance.