This CNBC article just confirms what we have already noted here. While there is lots of talk about bypassing the US at the IMF and a possible "Plan B", the reality is more likely that nothing is going to happen soon unless some kind of new crisis emerges.
Here are some quotes from the article.
"Reforms to the International Monetary Fund have hit a deadlock despite a declaration from global financial chiefs that they would move forward without the United States if it fails to ratify the changes by year-end, a G20 official said on Sunday."
"Some said that we need to give the U.S. more space," the official, who participated in the G20 talks and spoke on conditions of anonymity, said. "I say we are at a dead end."
Christine Lagarde, managing director of the IMF, said it is too early to talk about alternatives.
"Plan A is going to be explored to the end, and in depth, but if that plan A doesn't work, then we will worry about plan B."
For now, the G20 official said, there is no plan B.
"There is nowhere to go," he said. "Initially, you have a discussion, but then when you move to details, there is nothing."
"At the G20 meeting over the weekend, officials tried to stay optimistic that the U.S., despite complaints from some Republicans have that the changes would cost too much at a time Washington was running big budget deficits, will come forward.
But the prospects are not promising, the G20 official said."