In April 2015, the Group of Twenty (G20) and the International Monetary and Finance Committee, the steering committee of the International Monetary Fund, directed the Fund’s executive board to decide on “interim” measures that would achieve at least some of the quota and governance reform goals agreed in 2010 at the Seoul G20 Summit. There is no consensus on what this would entail. The best option remains an agreement between the White House and Congress that would bring about the United States’ ratification of the 2010 reform package. That should motivate stakeholders to mount an eleventh-hour push of their own, as President Barack Obama’s administration and lawmakers have done little to show they can be trusted to secure an agreement.

  • Kevin Carmichael is a senior fellow at CIGI and the national business columnist at the Financial Post.