A framework for a review of the international financial institutions: background paper

This paper sets out a plan for addressing the strategic reform of the international financial institutions in a feasible manner, with a focus on the appropriate forum and process for taking forward particular issues. The paper begins with a taxonomy of reform issues. It then provides an outline of why reforms are necessary so as to facilitate a shared understanding of problems to be addressed. It considers how a strategic review could be structured and which forums might be most appropriate for reviewing aspects of IFI governance. Finally, the paper outlines a ‘roadmap’ for G-20 action.