• Council Special Report on International Monetary Fund Reform

  Author:	Peter B. Kenen, Adjunct Senior Fellow for International Economics

  June 2006 - May 2007

  In April 2006, the Managing Director of the International Monetary Fund made a set of proposals aimed at enhancing the legitimacy and efficiency of the Fund and involving it more directly in the resolution of large imbalances involving the major economies. Some of his proposals were endorsed at the 2006 Annual Meetings of the Fund, and others are being implemented by the Fund's Executive Board. The most important reforms involve a redistribution of IMF quotas, which determine, among other things, voting power in the Fund. This Council Special Report provides a brief history of the Fund, stressing the changes that have occurred as a great many developing countries, large and small, have joined the Fund. It strongly endorses most of the Managing Director's proposals, although it criticizes others, including the way that the Managing Director would have the Fund involve itself in resolving major international financial imbalances. It argues that the United States should strongly support measures to enhance the legitimacy of the IMF, because the United States cannot readily accomplish unilaterally what the Fund can accomplish multilaterally.

  
  

   

  Meetings

  Council Special Report on International Monetary Fund Reform: Second Advisory Committee Meeting

  Advisory Committee

  
  February 7, 2007

  Related Project: Council Special Report on International Monetary Fund Reform

  Speaker:	Peter B. Kenen, Senior Fellow in International Economics, The Council on Foreign Relations
  Chair:	Jeffrey R. Shafer, Vice Chairman, Global Banking, Citigroup Inc.

   

  Council Special Report on International Monetary Integration: First Advisory Committee Meeting

  Advisory Committee

  
  October 18, 2006

  Related Project: Council Special Report on International Monetary Fund Reform

  Presider:	Peter B. Kenen, Senior Fellow for International Economics, The Council on Foreign Relations
  Speaker:	Jeffrey R. Shafer, Vice Chairman, Global Banking, Citigroup Inc.

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• The Global Finance Regime

  

  Explore the international finance regime with a new interactive from CFR's program on International Institutions and Global Governance.

  New Council Special Reports

  
  

  Enhancing U.S. Preventive Action

  Identifying international threats and acting on them may be the most difficult job for U.S. policymakers. This report provides an actionable road map for managing international threats before they erupt into crises and makes a strong case that preventive action is not a luxury but a necessity.

  The United States in the New Asia

  For more than a decade, the United States has mostly watched from the sidelines as Asian countries organize themselves into an alphabet soup of new multilateral groups. In this report, the authors review the relationship between pan-Asian and trans-Pacific institutions and suggest policy guidelines for a new U.S. approach to this new Asian landscape.

  Complete list of Council Special Reports

  New Books

  Start-Up Nation addresses the trillion-dollar question: How is it that Israel—a country of 7.1 million, only sixty years old, surrounded by enemies— produces more start-up companies than large, peaceful, and stable nations like Japan, China, India, Korea, Canada, and the UK? With the insights of geopolitical experts and investors, the authors examine this nation’s adversity-driven culture to answer this question and offer prescriptions for a global economy on the rebound.

  

  In Forces of Fortune, Vali Nasr presents a paradigm-changing revelation that will transform the understanding of the Muslim world at large. He reveals that there is a vital but unseen rising force in the Islamic world—a new business-minded middle class—that is building a vibrant new Muslim world economy and that holds the key to winning the cold war against Iran and extremists.

  In Cuba: What Everyone Needs to Know, Julia E. Sweig presents a remarkably accessible portrait of Cuba's unique place on the world stage over the past fifty years, including its internal politics, its often fraught relationship with the United States, and its shifting relationship with the global community.

  Complete list of CFR Books

  David Rockefeller Studies Program Contacts

  For more information on the David Rockefeller Studies Program, contact:

  James M. Lindsay
  Senior Vice President, Director of Studies, and Maurice R. Greenberg Chair
  +1.212.434.9626 (NY); +1.202.509.8405 (DC)
  jlindsay@cfr.org

  Janine Hill
  Deputy Director of Studies Administration
  +1.212.434.9753
  jhill@cfr.org

   

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