Governance

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The New EU Fiscal Framework: From Negotiation to Implementation

The new EU fiscal governance rules entered into force in April 2024, the product of negotiations started in 2022. Member States are now committed to adhering to a multiannual fiscal path set in “medium-term fiscal-structural plans” (MTFSPs), complying with the requirements from a sustainability analysis of their debt, as well as a reform and investment programme.... Lire la suite

Miniature

IMF Governance and the 16th General Review of Quotas

The International Monetary Fund’s governance is based on a system of quotas determining the financial contribution each country is required to make to the IMF, its voting rights, and the number of special drawing rights it receives in general allocations. Today, quota distribution is a major challenge, with emerging countries calling for quota realignment that would reflect their increasing relati... Lire la suite