IMF at the Crossroads

WASHINGTON, DC: I have no personal opinion on the virtues of Caio Koch-Weiser, Germany's candidate to head the International Monetary Fund. But dithering over Michel Camdessus's replacement ought to stop. Stanley Fischer, a brilliant, experienced economist will lead the Fund very well in the interim. But the acting head of an organization has no mandate for change. So Fischer, while able, is not enabled.