Academics Urge Countries to Reject IMF Vote Formula (Reuters)

March 27, 2008

Reuters cites a letter signed by CGD President Nancy Birdsall on the IMF's unfair voting structure.

From the article:

"A group of influential Washington-based academics have urged IMF member countries in a letter to vote against a proposed new voting formula, arguing it falls far short of what is needed to give emerging and developing nations a bigger voice in the institution....

The group of academics includes Nancy Birdsall, president of the Center for Global Development, Ralph Bryant, Colin Bradford, Homi Karas, Johannes Linn of the Brookings Institution, Ted Truman and John Williamson of the Peterson Institute for International Economics, and Jo Marie Griesgraber of the New Rules for Global Finance Coalition."