Voice of America generously quotes CGD senior fellow Vijaya Ramachandran on governance of the Bretton Woods institutions ahead of the spring meetings.
From the article:
"She says that means some developed countries will have to give up some of the privileges they now enjoy on the executive board of the IMF, including small European countries. Analysts note for example that Belgium’s vote at the institution is greater than India’s which has a growing economy with hundreds of millions of people.The US would also be asked to give up its veto on the board. Ramachandran says potential economic powerhouses like India and China are more likely to cooperate on some of the issues facing the IMF and the Bank -- like limiting greenhouse gases or providing emergency funds for the developing world -- if they have a stronger voice within the IMF and World Bank."