We discuss the reform of the voting rules at the heart of the governance of the IMF and World Bank (the BWIs) in terms of three principles that we suggest ought to be fundamental: simplicity, transparency and democratic legitimacy. By simplicity we mean that the rules should make sense in terms...

This article argues that the current G20 is unsustainable and should be replaced by a new body on a firmer constitutional foundation. It presents two designs, one of them a reformed version of the G20, the other a reformed version of the Bretton Woods (World Bank and IMF) governance arrangement....