Who Knew?

$1 billion budget and only one significant client? Sounds like the IMF needs to do some serious soul gazing....

The IMF | Funding the fund | Economist.com: "But the fund's interest earnings are drying up as it struggles to find new takers for its money. Instead of relying on the fund, emerging economies are insuring themselves by amassing reserves of their own. Some, such as Brazil, Argentina and Indonesia, have paid off their IMF loans early, at a cost, to rid themselves of its %u201Cstench%u201D, as some people put it. Now, a loan to Ankara accounts for two-thirds of its credit outstanding: the IMF is, in effect, the Turkish Monetary Fund."