A model reflecting the monetary approach to the balance of payments was developed in the International Monetary Fund (IMF) in the 1950s. Its purpose was to integrate monetary, income, and balance of payments analysis, and it became the basis of the conditionality applied to IMF credits....

What is wrong with the IMF? -- Governance and decision-making -- Surveillance -- Lending and conditionality -- Capacity development -- Democratize governance and decision making -- Diversify the IMF staff -- Commit to inclusive growth -- Enhance multilateral partnerships -- Closing the hypocrisy gap