Marginal Revolution: Should the IMF behave like a Sovereign Wealth Fund?

A healthy discussion on the role of the Fund. I like the following comment:

There's a crazy disconnect here between the IMF's problem of having to cut its staffing levels by 15% and talk of a $100 billion investment fund. I don't know how many staff the IMF has, but if they're paying them a total of something like $5 billion a year, then it has too many.

I suspect that talk of staff cuts is a way of justifying something that someone wants for quite different (and probably more sinister) reasons.

Deal on IMF voting formula likely in April

WASHINGTON, Feb 24 (Reuters) - International Monetary Fund member countries are expected to take an important step in giving emerging economic powers more say in the global financial institution by approving a new voting formula in April, IMF board officials say.

The proposed formula will be presented to the IMF board of member countries before March 15, before a meeting of global finance chiefs in Washington on April 12-13.

[Read More:Reuters]