Mexico-World Bank-International Monetary Fund: Opportunities, Challenges and the Drive toward better Practices and International Standards

In this article the author describes the background and current situation of the international financial system, identifying the opportunities and dilemmas presently facing the global economy. In the author’s opinion, the International Monetary Fund and the World Bank need to address problems such as wide-scale volatility and the preservation of their resources, a large part of which are channeled into rescue and stabilization programs. In this context, he feels Mexico’s commitment resides in adhering to international standards and implementing better practices within the financial system, with a view to averting crisis situations, reducing poverty and guaranteeing the development of the country.