CGD in the News

In Wake of Financial Crises, IMF Seeks a New Role with Broader Authority (Washington Post)

May 24, 2010

The Washington Post quoted CGD senior fellow Liliana Rojas-Suarez on the IMF.

From the article:

"The thrust of the proposal, however, is in line with one of the chief lesson of the crisis -- namely that a company's connections and its web of investments can be as important as what can be seen on its balance sheet or presented to a regulator. It may take a global agency like the IMF to grapple with the implications, said Liliana Rojas-Suarez, a senior fellow at the Center for Global Development and former deputy chief of the IMF's capital markets division.

"If we are accepting the fact that interconnections between the large companies is worldwide, then who is there to actually have an understanding of the global impact?" she said. At this point, "no one is the answer.""

Read the article