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Emerging market turmoil makes the case for a stronger IMF更新于2018年9月17日 06:13 By Gillian Tett
There is never a great moment to experience an emerging markets crunch. Right now, however, the timing of the debacles in Argentina and Turkey is almost fortunate for Christine Lagarde, the managing director of the IMF.
For as investors nervously watch events in Buenos Aires or Ankara, Ms Lagarde is grappling with another dilemma in Washington, around the IMF itself. This autumn she is launching a discreet lobbying campaign to persuade the fund’s major creditors to expand its resources. And as this battle gets under way, the crisis in Argentina might unexpectedly help her pitch — even (or especially) with the administration of Donald Trump.
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