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Under the current plan 5% of the IMF quotas will shift from overrepresented rich countries to developing countries, less than the 7% these countries wanted.

The IMF's new relevance and the need to get its governance right.

03/30/2009

Begium has more votes than Brazil, and China and India have paltry shares. The Economist calls this shamefully shortsighted of the Europeans. It gives Dominique Strauss Kahn, and his Keynesian instincts, a good score for the transformation of the IMF that is underway into a global institution which is friendly to emerging countries. Calls for a change in the quotas at the World Bank and the IMF by emerging market countries.

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