Mohammad El-Erian: Save the IMF, Save the World Economy

Mohammad El-Erian is co-CEO of Pimco, the largest bond investor in the world. A former deputy director of the IMF, and world expert on emerging markets, El-Erian here writes exclusively for emeafinance on why a reformed IMF has a critical role to play in saving the global economy from its present crisis.

There is a clear need for a global solution to the present economic crisis. The global solution calls essentially for countries to implement specific measures in a coordinated and simultaneous fashion in the context of a ‘shared responsibility’.