Global Matters

Global Matters

The 20th century’s international order, which installed the United States, Europe and Japan in dominant positions, is ending. New powers are emerging to challenge a system arranged within the framework of U.S. and European multilateralism. Transitional processes necessarily breed chaos and uncertainty. This is the global situation to which our economies and political systems must adapt.

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IMF Managing Director Kristalina Georgieva

Scenarios for Georgieva’s leadership of the IMF

The new head of the IMF, Kristalina Georgieva, has some novel plans for the future of her organization. She wants to redefine its core aims to address climate change, economic fairness and gender equality. If she achieves her mission, the IMF could transform from a tough, economic reform-minded lender of last resort to a definer of global morality, with all of the repercussions that would come with such a change. 

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