Tag Archives: International Monetary Fund

Interesting Juxtaposition: Troubled economies, $3K hotel suite and 1st Class.

The international financial world is pondering the implications of the possible attempted rape charges against International Monetary Fund (IMF) leader, Dominique Strauss-Kahn. The media coverage has not been kind.  According to an article in today’s Wall Street Journal, Strauss-Kahn “… is expected to step aside because of the gravity of the charges.”

One cannot help but wonder what citizens in countries with troubled economies think of $3,000-per-night hotel suites and first class airfare when the stated mission of the IMF is as follows:

The IMF’s fundamental mission is to help ensure stability in the international system. It does so in three ways: keeping track of the global economy and the economies of member countries; lending to countries with balance of payments difficulties; and giving practical help to members.