There are several reasons why this mutual assessment process has the potential to develop shared understanding and encourage action across a range of countries. There is a clear timetable. A comprehensive set of policies will be considered. Policy-makers at the highest levels are directly involved, with international financial institutions in a supportive, rather than leading, role.
Finally, discussions will take place at the G-20, where all major economies are present and where China has assumed a very constructive, leadership role. 13  That is not to argue that the role of SDRs cannot be enhanced, particularly among central banks (see Williamson 2009).