From the G20 Seoul Summit Declaration:
“The reforms are an important step toward a more legitimate, credible and effective IMF, by ensuring that quotas and Executive Board composition are more reflective of new global economic realities… [T]he reforms include:…Moving to an all-elected Board, along with a commitment by the IMF’s membership to maintain the Board size at 24 chairs, and following the completion of the 14th General Review, a review of the Board’s composition every eight years.”
What processes might the IMF membership put into place for electing the Board?
