It will not be sufficient for the emerging world simply to expect more say in how the international financial institutions are run, without being part of a clearer shared understanding of what the institutions are seeking to achieve.
That is a topic for another speech, but suffice it to say that constructive engagement by the emerging world, and especially Asia, in finding an agreement on mandate will be a key prerequisite for genuine progress. Asia’s future in the global financial system After all this, then, how would we sum up the way things have changed since July 1997?