Reforming the International Financial Architecture: Chinese Perspectives and Broader Developing Country Interests

Abstract

The international financial architecture has long been ripe for reform, and several reform tracks are currently evolving with the potential to tackle some of the most debated issues. China, which among the top shareholders in all the architecture’s key institutions, is the world’s second-largest economy and the largest official bilateral creditor, plays a critical role in reform discussions. In this report, we discuss central reform issues and consider the Chinese perspectives and their relevance to broader developing country interests. The report concludes that China is actively involved and supports reform initiatives but is wary of changes that move around the bigger issue of country representation and voting.

Reforming the International Financial Architecture: Chinese Perspectives and Broader Developing Country Interests