This volume - the fifth in a series of histories of the
International Monetary Fund - examines the 1990s, a tumultuous
decade in which the IMF faced difficult challenges and took on new
and expanded roles. Among these were assisting countries that had
long operated under central planning to manage transitions toward
market economies, helping countries in financial crisis after
sudden loss of support from private financial markets, adapting
surveillance to reflect the growing acceptance of international
standards for economic and financial policies, helping low-income
countries grow and begin to eradicate poverty while staying within
its mandate as a monetary institution, and providing adequate
financial assistance to members in an age of limited official
resources. The IMF's successes and setbacks in facing these
challenges provide valuable lessons for an uncertain future.
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