US official outlines expanded role for poorer nations at IMF
Shambaugh discusses quota reform and new officials for developing countries
A US Treasury official has suggested reforms to the distribution of shares and senior positions within the International Monetary Fund.
If adopted, these would expand – at least modestly – the role of emerging and developing countries within the fund. The US is a key player in negotiations over a new round of IMF quota reforms, as it is the only country with the power to block reform unilaterally.
In a September 7 speech to the Center for Global Development, undersecretary for international
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