An IMF governance reform deal agreed in November 2010 (see Update 73) has been stalled by US Congress’ failure to grant it approval. The deal, which gives emerging markets greater voting shares as well as requiring that all IMF board members be democratically elected, will not pass until at least November as Congress is now in recess for the US elections. As the US has 17 per cent of IMF votes, the deal cannot pass without US approval, ensuring that the original mid October deadline will be missed. Charles Kenny of the Washington think tank Centre for Global Development claimed “the threat of losing worldwide economic dominance has left the US too scared to engage constructively in building up global institutions”.
BWP briefing explores IMF's labour market policies in the context of women in the informal economy and suggests they will not contribute to decreasing inequalities.
The Bretton Woods Project published an edited volume on the gendered impacts of some of the most commonly-prescribed macroeconomic policies of the IMF, covering tax, expenditure and labour policies.
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