Yesterday on CFR.org, four experts from around the world discussed the dynamics surrounding the underrepresentation of emerging economies in the governance of the International Monetary Fund (IMF).
As one expert, Oliver Stuenkel of the Getulio Vargas Foundation in Brazil, argues:
While European and U.S. leaders have asked emerging powers to act as “responsible stakeholders,” they are largely unwilling to constructively engage new actors and allow them to assume leadership within existing institutions. One of the consequences is growing support in Brazil and other emerging markets in the creation of a BRICS Development Bank.
You can read the full article here.