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Why we must reform the IMF – before it’s too late

The fund’s legacy of austerity must be replaced by a new social contract based on shared prosperity and a just transition to a zero-carbon future.

By Leo Baunach and Lara Merling
Why we must reform the IMF – before it’s too late
Image: Liu Jie/Xinhua News Agency/PA Images
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This article is part of ourEconomy's 'Preparing for the next crisis' series.

In 2017 the former International Monetary Fund (IMF) Managing Director Christine Lagarde urged governments to “repair the roof while the sun is shining” by finishing an incomplete recovery and pursuing inclusive growth.

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Creative Commons Attribution-NonCommercial 4.0