Showdown in Istanbul

The IMF and the World Bank hold their annual meetings these days in Istanbul. Some things seems certain, some others are quite controversial, and all wonder what efforts are agreed upon to get out of the current crisis and prevent future ones.

It seems certain that China and other emerging market economies get more say in the IMF. But what about boosting the Bretton Woods institutions governance reform further? What about increasing their funds? Coordinated financial regulatory reform?

We’ll find out soon…

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