News about Rodrigo Rato

MATTHEW LESH: The International Monetary Fund was established in 1945, in the midst of World War II, when memories of the Great Depression were still fresh. Its mission was to foster financial growth and expansion around the world, so that the recent economic disasters would never be repeated. However, that was then. For, as well as the fact that the IMF has played a vital part in supporting governments and rescuing troubled economies over the years, it seems to be dancing to a very different tune today, departing from realistic evaluations of optimal strategies for continued fiscal stability and becoming embroiled in Left-wing ideology. This explains why the IMF's surprising reaction to Kwasi Kwarteng's mini-Budget on Tuesday evening. The terms came little short of a direct attack on a G7 country's economic policy.