Useful initiatives have also been launched by the Bank for International Settlements as regards meetings at the Governors’ as well as experts’ level. Most recently, the Governor of the Central Bank of the Republic of Turkey was invited to the Global Economy Meeting, the most important forum for central bankers in the world, which I have the privilege to chair.
Last but not least, the internal governance structure of the International Monetary Fund is currently under review. One aim of the reform efforts is to ensure a fair and adequate voice for all members of the IMF by aligning the distribution of quotas with countries’ relative positions in the world economy.