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Reforming the World Bank and IMF: A Conversation with Nancy Birdsall

October 13, 2009
World Bank Building, Washington, D.C.

Nancy Birdsall, president of the Center for Global Development and a member of the Atlantic Council's Business and Economics Advisors Group, analyzed the responses of the IMF and World Bank to the financial crisis and the new challenges the institutions now face.  In light of the G20’s recent mandate to expand their roles in the global recovery process, some experts question whether the IMF and World Bank have the capabilities to effectively meet the growing demands of the international community.

The call was part of the Mapping the Economic and Financial Future Series, a lecture series featuring high-level business leaders and economic policymakers from the U.S. and Europe hosted by the Atlantic Council’s Global Business and Economics Program.  The discussion was moderated by Francis J. Kelly, a member of the Atlantic Council Board of Directors and the Managing Director and Head of Government Affairs, Americas, of Deutsche Bank.

The conversation with Birdsall addressed several key areas:

  • Rethinking the governance structures of the IMF and World Bank
  • Encouraging emerging nations such as China, India, and Brazil to be active in the policy-setting discussion
  • Redistributing  voting rights and representation  to give small nations a greater voice
  • Enhancing  transparency in decision-making and resource allocation

Podcast (MP3):

Related Atlantic Council Economic Analysis:

Mapping the Economic and Financial Future Series:

The Mapping the Economic and Financial Future Series is generously supported by Deutsche Bank.

Photo from Flickr user arvidbr under Creative Commons license.

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