Note:
32. The sherpas were conscious of the experience at Madrid in
the autumn when the G-7 had stood alone against the developing
world and others on their proposals for a special SDR allocation,
and been rejected. They were also aware that the G-7 did not command
a majority of shares in the IFI's, where they were joint owners
with the developing countries. The United Nations' Plan in the
Bretton Woods institutions, its strategies for pursuing reform
had to be different in each domain. The lesson for many was that
the G-7 had to be more flexible and inclusive in its process of
charting international institutional reform. Their options were
to initiate a process to define a process rather than issuing
a call that just disappeared, or involving more people, and other
stakeholders, perhaps in a "variable geometry/geography"
arrangement that had implications for the overall evolution of
the G-7.
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