IMF reform is tricky: the US and China will need to work together | Barry Eichengreen
Briefly

The IMF should provide regular annual allocations of special drawing rights, an alternative to the US dollar, to address global imbalances.
IMF must improve debt restructurings for low-income countries by cooperating with China for faster processes and crackdown on holdout creditors.
IMF must address perceived lack of even-handedness in surveillance, reinvigorate cross-border spillover analysis, and revise lending policies for fairer practices.
Leadership at the IMF should be selected through a competitive process of candidate statements, interviews, and voting by shareholding governments for the best possible leadership.
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