Senior IMF Economist Gives His Perspective on Reforms
By Tommy Patterson, MSFS 2012
On March 2, about 30 students were treated to a lunchtime presentation offered by Anoop Singh, Director of the Asia-Pacific Department at the International Monetary Fund (IMF). The topic of his presentation was the changing role of the IMF and other international financial institutions in a post-economic-crisis world marked by the increasing influence of emerging markets.
The recent Global Financial Crisis was a key theme of the lecture, with the questions of why international financial institutions were late in predicting the crisis and how the crisis spurred reform at these institutions dominating the first half of his presentation.
Anoop Singh explains the lessons the IMF drew from the Global Financial Crisis
After a brief lunch break, Mr. Singh gave his opinions regarding where further reforms at the IMF and other institutions would be necessary in order to accommodate the rise of emerging markets such as China, India and Brazil. Mr. Singh reiterated the IMF’s intention of adjusting its operations in order to continue providing assistance to needy countries in the twenty-first century.
Mr. Singh further reinforced this message during a question and answer session with the students, after which, the 90-minute meeting drew to a close.