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Reforming the IMF's Governance



Rebalancing Voice and Representation at the IMF

In November 2010, the IMF agreed wide-ranging governance reforms to reflect the increasing importance of emerging market countries. The reforms also ensure that smaller developing countries will retain their influence in the IMF.

This page brings together voices from inside and outside the IMF on the topic of governance reform.

The Imperative for Change at the IMF


To be effective, the IMF must be seen as representing the interests of all its 188 member countries. For this reason, it is crucial that its governance structure reflect today’s world economy.

In a series of video clips, CEOs, government officials, academics, and NGO representatives discuss why the IMF needed to change. Listen to:

  • Amartya Sen, Nobel Prize Winner
  • Nemat Shafiq, Permanent Secretary of the U.K. Department for International Development
  • Benno Ndulu, Governor of the Bank of Tanzania
  • Jianxiong He, IMF Executive Director for China
  • Nicólas Eyzaguirre, Director of the IMF’s Western Hemisphere Department
  • Mohammed El-Erian, Pimco CEO
  • Dominique Strauss-Kahn, IMF Managing Director
  • Peter Chowla, The Bretton Woods Project
  • Nancy Birdsall, President of the Center for Global Development
  • Alan Beattie, Financial Times

The Role of Emerging Market and Low-Income Countries in the IMF


Taken together with earlier reforms agreed in 2008, the 2010 reform will produce a combined shift of 9 percent of quota shares to dynamic emerging market and developing countries.

In these video clips, government officials, NGO representatives, and IMF staff discuss the role of emerging market and low-income countries in the IMF. Listen to:

  • Benno Ndulu, Governor of the Bank of Tanzania
  • Nicólas Eyzaguirre, Director of the IMF’s Western Hemisphere Department
  • Anoop Singh, Director of the IMF’s Asia-Pacific Department
  • Nancy Birdsall, President of the Center for Global Development
  • Vivek Arora, Former IMF senior representative in China

The Role of the G20 Industrialized and Emerging Market Economies


As the global economic crisis unfolded, the Group of 20 (G-20) industrialized and emerging market countries assumed a leadership role on global economic issues.

Listen to:

  • Nobel Prize Winner Amartya Sen