The Institute of International Finance (IIF), today proposed an eight point integrated package of actions designed to forge a new partnership between the IMF, capital markets and countries, to strengthen the global financial system. "Sustaining world growth, addressing global imbalances, and supporting emerging markets call for the realization of new relationships-some of which are already taking shape-among the IMF, market participants, and countries, leveraging their respective strengths and tackling their respective weaknesses," said the IIF.
The IIF's proposals are highlighted in a letter on behalf of its Board of Directors by IIF Managing Director Charles Dallara to UK Chancellor of the Exchequer Gordon Brown in his capacity as Chairman of the International Monetary and Financial Committee (IMFC), which guides IMF policy and which will meet here on April 22, 2006. The IIF is the global association of financial institutions with more than 345 members from over 60 countries.
See full Press Release.
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