Speaking in Washington, Dominique Strauss-Kahn said the IMF needed to update its mandate as the global economy emerges from the worst recession in decades.
'We must build on this positive momentum: to transform the Fund into an institution even better equipped to meet the challenges of the post-crisis era,' the IMF managing director told a meeting of the Bretton Woods Committee.
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The 186-nation IMF currently is responsible for economic surveillance country by country, as well as developments relating to the global economy as a whole. But Mr Strauss-Kahn said that, in practice, most of its efforts so far had been at the country level.
'One result of this has been that we have not paid enough attention to the linkages and spillovers between economies - including those that transmit through the arteries of the global financial system,' he said.
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