imf

"The International Monetary Fund’s top staff misled their own board, made a series of calamitous misjudgments in Greece, became euphoric cheerleaders for the euro project, ignored warning signs of impending crisis, and collectively failed to grasp an elemental concept of currency theory. "...

Special Drawing Rights or SDRs are not a major part of the global economy ATM. There are only a few hundred billion dollars worth of them around. However, their role could increase significantly depending on how political or economic events unfold in the future. China has already gone on record...

Just read this headline about a report from the IMF and although it doesn't make good reading it did make me chuckle. What's their next report? "Water is wet" says IMF ? :) Direct link to the PDF of the report: http://www.imf.org/external/pubs/ft/weo/2008/02/pdf/text.pdf

(split off from this thread) I am not anti-trade. However, you (and the IMF) make it far too simple. For example, it is not beneficial for a country to replace the inefficient small farms that feeds the majority of the population with large farms producing export crops like flowers, coffee...