Summers’ lease
THE world is not exactly short of proposals for reforming the IMF. Whole forests have been felled in recent years, as pundits, academics and politicians have laid out their visions for the world's main international financial institutions. So have members of those organisations themselves (see Economics Focus, article). On December 14th, Larry Summers, America's treasury secretary, added his (latest) blueprint for the IMF's future. Sadly, his vision was blurred.
This article appeared in the Finance & economics section of the print edition under the headline “Summers’ lease”
From the December 18th 1999 edition
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