12:00 pm EST - 12:00 pm EST

Past Event

Double Majority Voting in the IMF

Friday, February 08, 2008

12:00 pm - 12:00 pm EST

The Brookings Institution

1775 Massachusetts Ave., NW
Washington, DC

Brookings and Centre for Global Governance Innovation (CIGI) hosted a governance seminar on the complex issue of double majority voting at the International Monetary Fund. Implementing double majority voting at the IMF could require, for example, both a vote by the Executive Board of weighted votes of the twenty-four chairs combined equally with an unweighted vote of the twenty-four chairs representing countries and country constituencies of the twenty-four in order for a proposal to pass. This procedure would allow advanced industrial countries to continue to have a significant influence in the weighted vote and add a broader coalition of countries to also support the measure for it to pass under the unweighted voting requirement.

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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.