The cloudy relationship between the IMF and its shareholders took shape over the weekend. While...

|By:, SA News Editor

The cloudy relationship between the IMF and its shareholders took shape over the weekend. While managing director Dominique Strauss-Kahn would have liked the IMF to emerge as a global central bank, G-7 leaders in Istanbul moved to convert the IMF into the administrative arm of the G-20, which is emerging as the board of directors of the global economy.