JAKARTA, INDONESIA: (FLES): This 15 January 1998 file photo shows then Indonesian President Suharto signing a new letter of agreement before International Monetary Fund (IMF) Director-General Michel Camdessus at Suharto's residence in Jakarta. Suharto signed the letter spelling out major reforms and austerity measures linked to a massive bailout led by the IMF. Ten years after playing a controversial role in the Asian financial crisis, the International Monetary Fund (IMF) is now in the midst of its own identity crisis. The six-decade old institution, which lent over USD 38 billion during a two-year period to Asian countries on the condition they adopt strict austerity measures, finds itself 10 years later shunned by many of the countries it had previously helped. Getty Images logo Getty Images 56 months ago

JAKARTA, INDONESIA: (FLES): This 15 January 1998 file photo shows then Indonesian President Suharto signing a new letter of agreement before International Monetary Fund (IMF) Director-General Michel Camdessus at Suharto's residence in Jakarta. Suharto signed the letter spelling out major reforms and austerity measures linked to a massive bailout led by the IMF. Ten years after playing a controversial role in the Asian financial crisis, the International Monetary Fund (IMF) is now in the midst of its own identity crisis. The six-decade old institution, which lent over USD 38 billion during a two-year period to Asian countries on the condition they adopt strict austerity measures, finds itself 10 years later shunned by many of the countries it had previously helped.

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