Call for radical reform of IMF governance – New Rules for Global Finance Coalition

NewsIn The NewsCall for radical reform of IMF governance

Call for radical reform of IMF governance

FINANCIAL TIMES

Call for radical reform of IMF governance

By Alan Beattie in Seoul

September, 28 2010 14:02

A group of leading experts and campaigners have called for radical reform of the International Monetary Fund’s governing board, proposing changes that would reduce both European and US influence over the institution.

The letter, released ahead of the weekend of October 8 to October 10 annual meetings of the IMF and its sister institution, the World Bank, comes amid a fierce tussle about power and influence among the fund’s shareholder countries.

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Related Links

• Open Letter to IMF Governors recommending key changes in IMF Governance. Sep 28 2010
• In letter, economists urge IMF governance reforms by Lesley Wroughton. Sep 28 2010
• Economists urge IMF overhaul by Jim Lobe. Sep 30, 2010
• IMF boardroom crisis: Europeans stubbornly cling to chairs by Bretton Woods Project Sep 30, 2010

IMF Governance