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30Oct 2024
The IMF’s Need for Governance Reform
Syllabus: GS-3: Important International Institutions Focus: Calls for IMF governance reform have intensified as emerging economies demand fairer representation, highlighting the imbalance of voting power favouring G7 nations. With rising global debt, climate risks, and protectionism, reform is seen as essential to maintain the IMF’s credibility and effectiveness in addressing global challenges. Why Is IMF …
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