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The Committee identifies three critical developments in the global economy with profound implications that require urgent changes at the IMF. This statement advances broad proposals to address these issues by creating an Emerging Markets Fund (EMF); modifying the G20 Common Framework to effectively differentiate across debt classes in EMDE debt restructurings; and empowering the IMF to refinance outstanding debts from failed programs.  ....

Costa Rica , United States , United Kingdom , Sri Lanka , Roque Fernandez , Guillermo Calvo , Instituto Elcano , Laura Alfaro , Liliana Rojas Suarez , Nayke Montgomery Guzm , Ernesto Talvi , Pablo Guidotti , Enrique Mendoza , Governor Of The Central Bank , University Of Chile , Harvard Business School , Latin American Initiative , World Bank , London School Of Economics , Dean Of The School Public , University Of Torcuato Di Tella , Golf Cooperation Council , Global Development , Latin American Committee On Macroeconomic , Columbia University , European Union ,