Gallagher in FT on the challenges Kristalina Georgieva faces in the IMF

Kevin Gallagher, Director of the Global Development Policy (GDP) Center and Professor of Global Development Policy at the Frederick S. Pardee School of Global Studies, published a recent Op-Ed on the reforms new IMF managing director Kristalina Georgieva must implement as she faces the challenges of the IMF.

Gallagher’s Op-Ed, entitled “Kristalina Georgieva’s IMF challenge” was published in the Financial Times on October 11, 2019.

From the text of the Op-Ed:

She faces tough challenges. As the world economy shakes with uncertainty, the IMF lacks both the resources and the legitimacy to play a lead role in maintaining global economic stability. Ms Georgieva will have to make three important reforms to put the IMF on more solid ground.

First, she must scale the amount of resources the Fund has at its disposal to prevent and mitigate financial instability. Second, she must reform its governance structures. Third, she must align the Fund’s policy packages with the UN Sustainable Development Goals (SDGs) and the Paris Agreement on Climate Change.

Gallagher currently serves as co-chair of the T-20 Argentina task force on “An International Financial Architecture for Stability and Development” to advise the G-20 and its members on financial infrastructure and monetary policy globally. He also served on the U.S. Department of State’s Investment Subcommittee of the Advisory Committee on International Economic Policy and the International Investment Division of the United Nations Conference on Trade and Development.  He has served as a visiting or adjunct professor at the Paul Nitze School for Advanced International Studies at Johns Hopkins University, the Fletcher School of Law and Diplomacy, Tufts University; El Colegio de Mexico in Mexico; Tsinghua University in China; and the Center for State and Society in Argentina. You can follow him on Twitter @KevinPGallagher.