Washington, D.C.–(ENEWSPF)–April 11, 2014. As finance ministers and central bankers from the world’s major economies meet today in Washington, D.C., for the annual spring meetings of the International Monetary Fund and World Bank, a new column from the Center for American Progress analyzes the necessity for Congress to adopt much-needed and widely popular reforms to the International Monetary Fund, or IMF. The United States and other major economies agreed upon the reforms in 2010, and 144 countries have subsequently approved them. But the reforms are now waiting on Congressional ratification to implement them.
