Time: 9:00 am – 10:30 am

Venue: CSO Room B, World Bank Main Building, 1818 H Street NW, Washington, DC

Organized by: New Rules for Global Finance

The G20 Communique from the Pittsburgh Summit, September 24-25, 2009, stated: “we are committed to a shift in quota shares to dynamic emerging market and developing countries of at least five percent from over-represented to under-represented countries using the current IMF quota formula as the basis to work from. We are also committed to protecting the voting share of the poorest in the IMF.” Earlier, in London, the G20 called for the quota reallocation to be completed by January 2011. The decision of Pittsburgh has been interpreted as deliberately ambiguous; and now, the rumors are that the timeline for quota reallocations has been moved up to the Seoul G20 meeting in late 2010. As demonstrated by the high quality and intensity of CSO engagement in the Fourth Pillar Consultation on IMF Governance Reform, many individuals and organizations care deeply about this issue. Fund governance impacts the quality of the lives of affected people in developing countries; it also will have an increasing role in preventing future global financial crises, and financial sector oversight and regulation. The obvious questions that need to be addressed include: what issues are on the table? What is the timeline? How are IMF member states aligned on these issues? What are the leverage Points?

Chair: Jo Marie Griesgraber, New Rules for Global Finance

Panelists:

• Ranjit Teja, Deputy Director of the Strategy, Policy and Review Department, IMF
• Domenico Lombardi, Senior Fellow, Brookings, and Director, Oxonia
• Ralph Bryant, Brookings Institution
• Fraser Reilly-King, Halifax Initiative