Dáil debates

Wednesday, 19 January 2011

Bretton Woods Agreements (Amendment) Bill 2011: Second Stage

 

We have pieces of language being used in regard to the two major amendments that are suggested in the legislation, including references to "voice" and "participation". Participation means just that. The existing structure of donor, recipient and shareholding is not democratic. Rather it is structured to reflect what the Minister of State referred to as the changing strengths in terms of the economics of the time. If that is so, is the objective in regard to the structure of the IMF aimed narrowly or broadly?

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