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One always has to be cautious in predicting institutional reform in bodies that embody all sorts of vested interests, but I think the fundamental political imbalance in international institutions—the financial ones such as the World Bank, as well as others, such as the Financial Stability Forum—has come home to people very strongly. So I am certainly more confident than I would have been a year ago about the prospects. It is important to try to achieve a timetable for reform, so that that does not become an endless process.
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