imf powder puff morph proceeds

"The International Monetary Fund has cemented a substantial ideological shift by accepting the use of direct controls to calm volatile cross-border capital flows, as employed by emerging market countries in recent years.
Although the fund continued to warn that such controls should be “targeted, transparent, and generally temporary”, the policy, announced in a staff paper released on Monday, is a sharp change from the fund’s enthusiasm for liberalising capital accounts during the 1990s."

my guess now its more or less if not  irrelevent to global market dynamics
certainly far less crucial
the fund can play like its another world bank
  ie
 the rockefeller/ford  foundation ...with  jingle spurs