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US calls for IMF to improve its operational efficiency

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The US today called for the International Monetary Fund to improve its operational efficiency, and serve as a model on budget discipline and efficient use of limited resources.

US Treasury Secretary Steven Mnuchin told a gathering of world finance ministers and head of central bankers in Washington that the IMF should find ways to further enhance its operational efficiency.

Steven Mnuchin in his address to the annual meeting of the IMF and World Bank, said, achieving this goal will necessarily entail tough choices, potentially with regard to management and staff salaries and benefits.

Asserting that the IMF plays an important role in the international monetary system through the promotion of economic stability and global growth, Mnuchin said to best execute this role, the IMF must deliver on its core mandate.

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