Reform of the IMF and World Bank

Today, I will focus mainly on the IMF and the bipartisan, majority proposals for reform and change. These proposals have been publicly available for more than a month. I am pleased to note that they have attracted considerable attention including favorable editorials in many leading newspapers at home and abroad. Most writers and commentators have suggested that the bipartisan, majority proposals should serve as the basis for future discussion of reform. The opportunity for reforms that was ignored at the 50th anniversary of the IMF and the Bank has now been revived.