Assessment of Current IMF Reform Proposals

Brookings and Centre for Global Governance Innovation (CIGI) hosted a governance seminar where three presenters provided a broad assessment of current IMF reform proposals, specifically surrounding quota and voting share reform. Masood Ahmed, the Director of External Relations at the Fund, presented an assessment of where specific IMF reform proposals currently stand in official discussions. Ralph Bryant, Senior Fellow at Brookings, presented an outsider’s assessment of the ongoing negotiations, focusing on the failure to agree on an objective quota formula that can serve as a viable foundation for both current and future adjustments in quota and voting shares. Finally, Amar Bhattacharya, Director of the G24, gave his thoughts on the views of developing countries on the current state-of-play in IMF reform issues.

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More about the Brookings-CIGI Global Governance Seminar Series

The Brookings-CIGI global governance seminar series features discussion of critical governance issues with Washington-based officials from industrial countries and emerging market economies, particularly representatives from the International Monetary Fund and World Bank delegations, embassies and leading think tank experts. The seminar series began in 2005 and discussions are considered off-the-record. Each seminar is jointly hosted by Brookings and the Centre for Global Governance Innovation (CIGI) based in Waterloo, Canada.