Finance ministers from the Group of 20 are scheduled to gather for the first time in 2015 early next month in Istanbul. It will be an important meeting for them. They will be showing the world whether they should be taken seriously.

In November, the G20 gave Washington an ultimatum: ratify the four-year-old agreement to overhaul the International Monetary Fund or else. Washington ignored the threat. It is unclear if the new Republican-led Congress has any interest in the issue. IMF reform could be dead unless someone displays an extraordinary commitment to revive it. Major changes at the IMF require the...

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  • Kevin Carmichael

    Kevin Carmichael is a CIGI senior fellow and a national business columnist for The Financial Post. Kevin began his career in journalism reporting with The Canadian Press between 1998 and 2000. He worked at Bloomberg News, first in Ottawa and then in Washington, DC, between 2000 and 2005. While at Bloomberg, he covered the Bank of Canada, the US Treasury and also visited several countries as a member of the Treasury‚Äôs press pool. Kevin joined The Globe and Mail in 2008 as the national business correspondent.