good idea/bad idea: The International Monetary Fund from approximately 2003 to 2007 was like a Freshman at University. Fresh from its awkward teenage years where it faced the South East Asian Financial Crisis and the Crises in Latin America, the IMF entered the new millennium determined to take advantage of the chance to re-invent itself. While it tried some new things, experimented a bit, the International System, like the upperclassmen, was not impressed.