- Please find enclosed next issue of the Bulletin: IMF’s Governance Reform in the Shadow of Current-accounts Balance Debate by Marcin Menkes.

Meeting in Gyeongju, G-20 finance ministers and central bank governors achieved a compromise on a reform of the IMF’s governance model, including a shift of decision-making powers towards the emerging and developing economies. While institutional reform constitutes a major breakthrough in a decades-long debate concerning the overrepresentation of industrialised countries, a lack of understanding in respect of current-account balances spoils the moment.

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For further information: Polish Institute of International Affairs