Economists call for IMF reforms
Wednesday 29 September 2010
The International Monetary Fund (IMF) should be reformed to make it more representative of its membership, a group of leading economists said yesterday.
In an open letter to the IMF's board of governors, ahead of the global lender's annual meeting with the World Bank on 8 and 9 October, 13 influential economists said that the fund was being slow to introduce governance reforms.
The letter, which praised the flexibility shown in helping struggling economies during last year's recession, comes amid a power struggle at the IMF.
With several developing nations set to overtake more established economies in Europe, reformers have called for a break in the traditional governance of the IMF, which to date has been dominated by Western Europe and the United States.
- 1 Notting Hill Carnival: Woman shares selfie after being ‘punched in face for telling man to stop groping her’
- 2 Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
- 3 Daily Show's Jon Stewart destroys Fox News for its Ferguson coverage
- 4 When elitism grips the top of British society to this extent, there is only one answer: abolish private schools
- 5 Terror threat level raised to severe as PM warns Isis risk could last for decades
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
Do you realise just how foolish the UK looks?
Ukip Douglas Carswell defection: Tory MP jumps ship to join Nigel Farage
When elitism grips the top of British society to this extent, there is only one answer: abolish private schools
- < Previous
- Next >
iJobs Money & Business
£50000 - £80000 per annum + benefits+bonus+package: Harrington Starr: Data Sci...
£450 - £500 per day: Orgtel: SAS Business Analyst, London, Banking, Credit Ris...
£32000 - £38000 Per Annum Bonus, Life Insurance + Other Benefits: Clearwater P...
£200 - £250 per day + competitive: Orgtel: KYC Analyst, Key Banking Client, Bi...