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Program UpdatesBringing Latin American and Caribbean Perspectives to IMF Reform Debates
Bringing Latin American and Caribbean Perspectives to IMF Reform Debates
April 10, 2008
Sponsored By: Centre for International Governance and Innovation, Initiative for Policy Dialogue at Columbia University, Global Economy and Development Program at the Brookings Institution, and New Rules for Global Finance
Financial Support: From: Rockefeller Brothers Fund and Ford Foundation
Meeting Objectives
To date, the debate about International Monetary Fund (IMF) Reform has been shaped largely by conversations within and among OECD countries and orthodox or mainstream economists. This project proposes to remedy this imbalance to the debate by sponsoring and/or encouraging a series of regional conferences that would enable developing countries to articulate their needs and priorities for future services from the IMF. In addition to four other meetings around the world, this meeting in Washington, DC would provide an opportunity to consider future global systemic needs that a reformed IMF should be prepared to address.
The purpose of these conferences is to influence the policy process. Therefore the regional outputs as well as outputs from a concluding conference will be designed so that the IMF Board of Governors and the Executive Board can understand and begin to implement. This implies that following the conclusion of the conferences, the work of implementation continues. A goal for the overall project should be a presentation to the Executive Board, and at least a written submission to all Governors. The Latin America and Caribbean meeting will bring together senior officials and scholars from a number of countries of the region, along with a very select few other invitees, to analyze and discuss Latin American and Caribbean perspectives on global monetary cooperation