Economic Crisis and the IMF : Does the IMF Need Reforms to Ensure Global Economic Stability?

The global economy has built a tangled and tortuous financial system model at a pace arduous to manage. After the financial crisis which was widely recognized in 2008, the International Monetary Fund (IMF) made several attempts to create an effective financial system. However, the organization is still unable to formulate policies and create mechanisms that would guarantee economic stability. The paper examines the reasons behind the IMF's inability to manage the new financial model to ensure global economic stability. The paper outlines measures which the IMF should take in order to support sustained global economic growth and ensure financial stability