If it's set up in such a way that it breaks the conditionality required by the (International Monetary Fund), I think that would be a step backward,

I think the kinds of programs the IMF [International Monetary Fund] is putting in place are strong programs, I think they're well designed for their purposes, and I think they should work,

Now, we all understand that directors aren't required to guarantee that their fund has the lowest fees, ... But they are required to ask whether fund investors are getting their money's worth.

We all understand that directors aren't required to guarantee that their fund has the lowest fees, ... But they are required to ask whether fund investors are getting their money's worth. What do independent directors know about management's costs and their profitability?

We can't do much with $250,000 in the maintenance fund.

I never understand why 'economist makes forecast' is ever a headline. Whether the economist in question is from the International Monetary Fund, a City forecasting group or the Treasury - a forecast is still not news.