The IMF has been criticised in the past as being a group of developed countries trying to lay down the law to struggling countries, which is why the decision to give growing nations more votes is important.

BBC: Obama hails 'tough regulations'

At the Boston Consulting Group, we have developed a new ranking to determine the educational competitiveness of countries: the BCG E4 Index.

WSJ: Can U.S. Universities Stay on Top?

Speaking during the interactive discussion were the representatives of Spain (on behalf of the European Union), Nauru (on behalf of the Pacific Small Island Developing States), Equatorial Guinea (on behalf of the African Group), Canada (also on behalf of Australia and New Zealand), Nepal (on behalf of the least developed countries), Bolivia, Australia, Colombia, Russian Federation and Venezuela.

UN: General Assembly