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Developing Countries Call For IMF Reforms

Press Release: For Immediate Release

September 16, 2008

On September 16, 2008, high-level officials from the world's developing regions will call for reforms of the International Monetary Fund (IMF) at a public meeting in Washington. The meeting will present recommendations culminating from a series of regional meetings in which finance ministers, central bankers, and other experts in Africa, Central Asia/Mongolia, East Asia, Latin America/Caribbean, and the Middle East identified needed reforms to the IMF's governance and operational policies. The results of these discussions are now being presented to the Washington policy community.

The developing country representatives include: Mr. Arturo O’Connell, Board Member and Senior Advisor, Central Bank of Argentina (Latin America/Caribbean), Dr. Jihad Al-Wazir, Governor, Palestine Monetary Authority (Middle East), Mr. Chorobek Imashev, Former Deputy Finance Minister, Kyrgyz Republic (Central Asia/Mongolia), and Prof. George Gyan-Baffour, Deputy Minister of Finance, Ghana (Africa).

The group will be meeting with staffs of the U.S. Congress and presidential campaigns. At the September 16 event, Mr. Daniel Tarullo, economic advisor to the Obama campaign, as well as Dr. Anne Krueger, former Deputy Managing Director of the IMF will offer comments.

The event will take place on September 16, 2008 in the 6th Floor Conference Room at the Woodrow Wilson International Center for Scholars, One Woodrow Wilson Plaza, 1300 Pennsylvania Ave., NW, Washington, DC. There will be a Press Briefing from 11:15am-12:00pm with the five representatives. This will be followed by lunch at noon. The conference will run from 12:30-2:30pm.

In addition to the Wilson Center conference, the delegation will hold an informal seminar with the IMF Executive Board and meet with senior Treasury officials.

This event is part of a yearlong initiative of the Washington-based the New Rules for Global Finance, the Toronto-based Centre for International Governance Innovation, and Oxford University’s Global Economic Governance Programme.

Contact:  Jo Marie Griesgraber, Executive Director: (202) 277-9390; This e-mail address is being protected from spambots. You need JavaScript enabled to view it

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