Transcript
The subtitle of my talk today is borrowed from the address of the outgoing Managing Director of the International Monetary Fund, Rodrigo de Rato, at the annual meeting of the. Fund’s Governors, although he used it to characterize just one dimension of the reform effort— reform of the Fund’s governance—not the process as a whole.
The current reform effort began in earnest about 18 months ago, when the Managing Director issued a paper on the implementation of the Fund’s Medium-Term Strategy, in which he proposed numerous changes in the activities and governance of the Fund.
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