Let’s face it: the International Monetary Fund is not widely loved. It has forced countries in financial distress to adopt counterproductive austerity policies, and it failed to anticipate the financial crisis. But in recent years the I.M.F. has helped stabilize the global economy, most recently by providing loans to troubled European countries like Greece and Ireland. That is why Congress needs to strengthen its governance and bolster its resources by ratifying reforms to the organization that were agreed to in 2010 by its 188 member countries.
The New York Times, United States