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Christine Lagarde is turning the IMF into a change agent

A few weeks ago, I postulated that Christine Lagarde was increasingly moving the IMF away from its position as ‘enforcer’ of orthodox neoclassical economic policy. I backed this up with three specific ways in which the IMF was becoming a change agent by taking a heterdox approach. This week, I have two more examples that demonstrate yet again that Christine Lagarde is radically changing the IMF’s approach to economic policy.

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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College. Edward also writes a premium financial newsletter. Sign up here for a free trial.