The IMF Reform Package: Small progress towards increased representation for developing countries
In April, after several years of negotiation and discussion, the member states of the International Monetary Fund (IMF) approved a governance reform package. The impetus for the reform was to ensure that the IMF maintains credibility and legitimacy with fast growing developing countries. It is, therefore, envisioned as a first step in a longer process of reform for the representation of developing countries in the IMF...
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