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2010-04-01

Accelerating IMF reforms

Comments on Mark Thirwell “Reinventing the IMF”, 1/4/2010, http://www.businessspectator.com.au/bs.nsf/Article/IMF-Financial-crisis-Greece-Eurozone-pd20100331-43BQ5?OpenDocument&src=sph

IMF quotas should be based on a moving average of countries' contributions over past 5 years, so it is dynamic and can also avoid one off ad hoc influences.

Then the top few can form the board of directors with their quotas reflected in that structure.

Employment should also reflect countries’ contributions, with some degree of minimum guarantee for groups of small developing countries.

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