Economists push IMF reforms back into spotlight

Indian economists make case for ‘more radical’ review of resource and representation

imf-2
IMF headquarters

Economists are stressing the need for quota and governance reforms at the International Monetary Fund ahead of the fund's annual meetings this week, with one paper urging "more radical" reviews in the future – despite US Congress still failing to approve changes agreed in 2010.

Five years ago the IMF's board of governors agreed to double the subscriptions paid by its members from SDR 238 billion ($330 billion) to SDR 477 billion, while rebalancing the voting power of its members, handing a

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