Global issues can't be effectively addressed if key players feel that they don't have an adequate voice as IMF members. In this respect, it is clear that important aspects of the Fund's governance arrangements have not kept pace with changes in the global economy.
In particular, quotas and voting power at the Fund need to better reflect the growing power of Asian and other emerging-market economies. The issue of quota and voting power is complex and will persist for years to come, since Asia is likely to continue to grow faster than other major regions.