Reform of the International Monetary System

With Special Reference to the Interests of Developing Countries of the Commonwealth

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Organisational Issues

The discussions and negotiations on international monetary reform that have taken place in the past year have been carried out by the specially created Committee of Twenty, meeting at both ministerial level and deputies level. A final judgment of the success of this organisational innovation must await the outcome of the reform exercise. But there is no doubt that the formation of the committee has filled an important gap in the previous administrative structure of the IMF.


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