The current global crisis has revealed, if indeed evidence was needed, that the governance of international financial institutions is badly in need of overhaul. However, the G-20 meeting on 15 November is not the forum for any quick-fix solutions. The United Nations review in Doha, Qatar, of the Financing for Development process, scheduled for early December, provides a more meaningful opportunity to begin the process for an inclusive and substantive reform. The world cannot afford to lose yet another opportunity for overhaul, which must proceed in a step-by-step manner.
