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Voting Share Reform at the IMF: Will it Make a Difference?

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  • Mark Weisbrot
  • Jake Johnston

Abstract

For more than 20 years there have been efforts to reform the IMF through changing its voting structure. There are structural limits to both the success, in quantitative terms, of changing these limits; and to the impact of any changes that are won. Ignoring these constraints for the moment, it should in principle be possible to give more voice to the majority of the world’s governments, and by extension their people, by increasing voting shares of low- and middle-income countries; and in this way to possibly make IMF policy better reflect and serve the interests of the majority of the world’s population, especially in low- and middle-income countries.

Suggested Citation

  • Mark Weisbrot & Jake Johnston, 2016. "Voting Share Reform at the IMF: Will it Make a Difference?," CEPR Reports and Issue Briefs 2016-09, Center for Economic and Policy Research (CEPR).
    • Handle: RePEc:epo:papers:2016-09
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    Cited by:

    1. Suk Hyun & James F. Paradise, 2020. "Toward an Asian Monetary Fund: Ideas for Transition," Asian Economic Papers, MIT Press, vol. 19(2), pages 65-77, Summer.
    2. Margot Schüller & Jan Peter Wogart, 2017. "The emergence of post-crisis regional financial institutions in Asia—with a little help from Europe," Asia Europe Journal, Springer, vol. 15(4), pages 483-501, December.
    3. Francesco Petrone, 2021. "BRICS and Global Governance: Will the Grouping be able to Reform the United Nations Security Council?," International Studies, , vol. 58(3), pages 363-379, July.

    More about this item

    JEL classification:

    • F - International Economics
    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations

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