Global: Nations cast plan for expanded IMF
09.10.2009
The push to reinvent the International Monetary Fund took a significant step forward this week, with nations agreeing to a rough timetable to come up with plans to reform its governance and expand its role in the global economy. The agreements, reached during the IMF's semiannual meeting in Istanbul that ends Wednesday, come as the mission of the 65-year-old Washington-based institution is re-examined in the wake of the global financial crisis