%A Warren Coats %T The Future of the International Monetary Fund %! The Future of the International Monetary Fund %X Three comments are offered here on Deena Khatkhate's perspective on the functioning of the International Monetary Fund in the new global order and the nature of reform needed (April 5, 2008). This article, the first of three, argues that for the IMF to remain relevant, it must function as an effective forum that develops and monitors compliance with the rules of a competitive world economy.