Against the background of the disappointing “mini-reform” agreed to at the recent IMF Spring Meetings, a full-day private workshop hosted along with the Friedrich Ebert Foundation (FES) and New Rules for Global Finance Coalition, looked at new ideas and proposals to transform the Fund into a reinvigorated, responsive and responsible player. By giving a voice to developing countries’ concerns in the existing debate and by bringing forward a sequence of new perspectives, the meeting also identified critical factors and issues necessary to break the stalemate that has emerged in the Executive Board of the Fund and other fora on IMF reform. Participants shared their views and ideas with a select group of experts from Washington D.C. based think tanks, civil society, as well as official representatives and senior staff of the International Monetary Fund.
One of the things Arabs always ask a new administration is ‘Please avoid doing things on the Arab-Israeli issue — and tell the Israelis not to do things that would create a crisis.' That, which would be a normal thing for Arab governments to do, is magnified by the anti-ISIS imperative.