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Mr. James M. Boughton

The International Monetary Fund (IMF, or the Fund) was created toward the end of the Second World War as part of an attempt to build a new, more stable international economic system and avoid the costly mistakes of the previous decades. Over the past 60 years, it has continued to change and adapt. But since its inception, it has been shaped by history and molded by the economic and political ideas of the time.

International Monetary Fund. External Relations Dept.

At a high-level roundtable, held in Rome on July 22–23 and organized by the Reinventing Bretton Woods Committee and the World Economic Forum,“Sixty Years After Bretton Woods: Developing a Vision for the Future,” Jack Boorman, Consultant and Advisor to IMF Management, offered his thoughts on how to build further on the IMF’s record over the past 10 years of adapting itself to changes in the world economy.

Mr. Jeromin Zettelmeyer

With their astonishing range of macroeconomic and microeconomic topics, the annual meetings of the American Economic Association (AEA) provide a virtual smorgasbord of contemporary research. This year’s gathering, in an unseasonably frosty Atlanta on January 4–6, resists summary, but Jeromin Zettelmeyer, a Senior Economist in the IMF’s Research Department, with the help of colleague Eswar Prasad, highlights several notable sessions.

International Monetary Fund. External Relations Dept.

Following devastating terrorist attacks on the World Trade Center in New York City and the Pentagon outside Washington, IMF Managing Director Horst Köhler and World Bank President James Wolfenshon announced in a joint statement that the World Bank Group and the IMF would not hold their Annual Meetings scheduled for September 29-30. The decision was taken, according to the joint statment, “out of deepest respect and sympathy for the families of all those touched by the horrific events of last Tuesday, and in order to dedicate law enforcement personnel fully to the extraordinary and immediate priorities at hand” (IMF News Brief No. 01/89, September 17).