Reinforcing international cooperation
• Strauss-Kahn noted G-20’s endorsement of strengthening the IMF’s mandate in the areas of macroeconomic surveillance, lending to member countries in need,and providing assistance to build up capacity in emerging market and developing countries
have more room for maneuver than others 3)The global stimulus needs to be large, in the order
of 2 percent of world GDP, to make a sizeable difference to global growth prospects
1)Cooperation and reconstruction(1994-1917)
---found reason: breakdown in international monetary cooperation
---it was conceived in July 1944 ---it came into formal existence in
---the system collapse, the members have been free to choose any form of exchange arrangement
3)Debt and painful reforms(1982-1989)