A New Life for the IMF: Capitalizing on Crisis
April's G-20 meeting - involving the heads of state of 20 of the world's most economically powerful countries - failed to yield an agreement on increased European stimulus spending or on new global financial regulatory rules. But it did feature one overriding tangible agreement: A commitment to expand massively the International Monetary Fund (IMF), in order to channel funds to developing countries rocked by the financial crisis.Security at IMF Headquarters