Work in progress

Multilateral bank reforms will need more effort

The meeting of the G20 finance ministers and central bank governors in Marrakech, Morocco, ended with a shared declaration — which is in itself a relief, given the paralysis that had gripped the organisation in the months leading up to a breakthrough leaders’ summit in New Delhi. The G20 is divided into two tracks: The Sherpa track, which picks up multiple current subjects for multilateral deliberation and therefore grabs most of the headlines; and the finance track, which does most of the nuts-and-bolts work that gives the G20 its actual relevance. There were several issues before the finance track over