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South Centre / Vikas Nath Information

Vikas Nath

URL: http://www.SouthCentre.org

South Centre is an independent, intergovernmental think-tank of developing countries, established in 1995, with headquarters in Geneva, Switzerland. Currently, 51 countries are members of the South Centre.

South Centre / Vikas Nath Press Release -

Southcentre.org

03
APR

New Voting Formula At IMF Falls Short Of Bringing Genuine Change

The limited redistribution of voting power among its member countries agreed by the IMF last week fall short of the broader reforms needed to correct the governance imbalance in the IMF, according to Dr. Yash Tandon, Executive Director of the South Centre, an intergovernmental organization of the developing countries based in Geneva, Switzerland.

Last week, the International Monetary Fund (IMF) cautiously backed plans for some redistribution of voting power among its 185 member countries.

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