Economists urge IMF overhaul

Asia Times

Jim Lobe
September 30, 2010

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WASHINGTON - Thirteen leading international economists and development specialists have called for a major reform of the governing body of the International Monetary Fund (IMF) and the way it does business.

The appeal, in the form of an open letter to the IMF's board of governors, echoes in part a call by the administration of US President Barack Obama for Western European countries to reduce their share of spots on the Fund's executive board in order to ensure greater representation for emerging powers, such as China and India, as well as for poor countries from Sub-Saharan Africa and other regions. …

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