International Monetary Fund member countries, keenly aware of the need to give emerging nations more say in running the global economy, are considering a new policy-setting council that would more accurately reflect their rising economic clout. According to people familiar with the discussions, the council of ministers would be similar in make up and size to the Group of 20, and shift power more towards rising economic powers from the handful of industrial giants that have dominated post-Worl...read more
International Monetary Fund member countries, keenly aware of the need to give emerging nations more say in running the global economy, are considering a new policy-setting council that would more accurately reflect their rising economic clout. According to people familiar with the discussions, the council of ministers would be similar in make up and size to the Group of 20, and shift power more towards rising economic powers from the handful of industrial giants that have dominated post-World War Two policymaking.