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The Congress Should Support IMF Governance Reform to Help Stabilize the World Economy

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  • Edwin M. Truman

    (Peterson Institute for International Economics)

Abstract

The International Monetary Fund (IMF) continues to play an indispensable role in stabilizing the world economy and financial system, but it will need assistance (particularly from the US Congress) if it is to continue to help troubled and strong countries alike. US leadership has been crucial in promoting reform of the IMF. Legislation is now before the Congress to cement recent reform agreements. That legislation will strengthen the IMF without the need to authorize one additional dime of the taxpayers' money and with no economic, financial, or political downside for the United States.

Suggested Citation

  • Edwin M. Truman, 2013. "The Congress Should Support IMF Governance Reform to Help Stabilize the World Economy," Policy Briefs PB13-7, Peterson Institute for International Economics.
    • Handle: RePEc:iie:pbrief:pb13-7
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    References listed on IDEAS

    as
    1. Richard N. Cooper & Edwin M. Truman, 2007. "The IMF Quota Formula: Linchpin of Fund Reform," Policy Briefs PB07-1, Peterson Institute for International Economics.
    2. John Williamson, 2009. "Understanding Special Drawing Rights (SDRs)," Policy Briefs PB09-11, Peterson Institute for International Economics.
    3. C. Randall Henning, 2009. "US Interests and the International Monetary Fund," Policy Briefs PB09-12, Peterson Institute for International Economics.
    4. Edwin M. Truman, 2006. "Strategy for IMF Reform, A," Peterson Institute Press: All Books, Peterson Institute for International Economics, number pa77, October.
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