Changes in IMF

They are changing their policies, because IMF is becoming irrelevant.

Under USA supremacy it was by far largest lender of the world.

This is changing, after Japan, UK, EU emerged. This was reflected by creation of G7.

Some years later this was G7 countries, which became borrowers and China, Brazil became largest lenders. Then G W Bush understood that there is need for change and G20 was born.

Today largest investment bank in China lends more money to low income and middle income countries than whole IMF. Using SDRs more than dollars and engaging in dialog with Chinese, Indians, Brazilians will guarantee that IMF become more relevant.