The world became a safer and more prosperous place to live – for a while. 1/3  BIS - Central bankers' speeches  Now, sadly, we are moving in the opposite direction, towards a new Cold War and a breakdown in international cooperation. Autocracies like Russia and China are forcibly challenging the rules-based international order.
The lack of resources to response to emerging markets crises finally forced the major stakeholders in the Fund to agree a quota increase in 1998 through the eleventh quota review.