Muckety mover - G-20 is the new global board

Leaders of the G-20 have effectively become “the board of directors of the global economy.”

That’s the description rendered Monday by Bob Davis in the Wall Street Journal.

“Now the G-20 will handle the politics of the global economy, largely by member countries peer-reviewing each other’s policies - and by pressing countries to stick to their pledges,” Davis writes.

Because the group of industrialized and developing nations has no offices or employees, it is relying increasingly on the staff of the International Monetary Fund.

Former IMF deputy managing director Stanley Fischer suggests that the G-20 should become the IMF governing board.

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