Improving Global Financial Stability

This report concludes that the failure of developing country governments and international financial institutions to adapt to changing markets helped trigger some of the world’s financial crises. Arguing that global finance is “more susceptible to crisis than it need be,” the report targets both developing and developed countries and the IMF as being in serious need of reform to prevent future breakdowns. The report endorses international standards to be adopted by developing countries, and hails private-sector participation and resources as vital to building an accepted set of best practices.