Global Insider: IMF Reform Falls Victim to Polarized Budget Battles in Washington

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In a budget agreement reached this month, the U.S. Congress declined to approve a package of reforms for the International Monetary Fund (IMF) that the fund’s members agreed to four years ago. In an email interview, Daniel McDowell, assistant professor of political science in the Maxwell School at Syracuse University, explained the state of efforts to reform the IMF. WPR: What has been the recent state of efforts to reform the IMF? Daniel McDowell: In a word, stalled. The most recent push for reform began within months of the onset of the 2008 global financial crisis. The crisis revealed that […]

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