Strauss-Kahn wants to cut costs, integrate emerging nations at IMF

At a press conference in Paris, the former French finance minister said that reducing IMF staff was one of the options to make it more cost-efficient.

"There is no reason that this institution cannot be more efficient, more relevant and less costly," he was quoted by DPA as saying.

Strauss-Kahn also said that integrating emerging economic powers in the workings of the IMF was essential to making it more relevant.