Critically examine the role of International Monetary Fund (IMF) in addressing debt distress in the Global South. How can India use its post-2020 presidency momentum to push IMF reforms?

Latin America countries like Argentina, Brazil, Colombia, etc. have their reserves in IMF. Increased voting share of China and India in reassessment of 2015.

India's G20 presidency to reform IMF: Building global consensus for reformed multilateralism. Inclusion of African Union into G20. Alternatives to IMF: See BRICS new Development Band and Contingency Reserve funds. Demand for revised SDRs of all countries based on their GDP and population. Voting rights should reflect repertoire demography and economy of country. IMF funding for climate mitigation and adaptation challenges especially in low and small island states.