Wednesday, 13 November 2024

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Bank governors and finance ministers pose for a photograph before the start of the International Monetary and Financial Committee (IMFC) meeting during the 2015 IMF/World Bank Annual Meetings in Lima, Peru October 9, 2015. REUTERS/Stephen Jaffe/IMF/Handout via Reuters

Courtesy: Reuters

3 March 2016

IMF reforms: still not enough

The IMF recently approved a set of quota and governance reforms, which doubled its permanent resources, and raised the representation of emerging markets in its governance structure. How important is this, and what are the implications for emerging markets and for India?