The agenda to reform the International Monetary Fund and restructure its shareholding to give emerging markets a bigger voice is in danger of being sidelined, says Youssef Boutros-Ghali, who chairs the fund’s policy steering committee.

Mr Boutros-Ghali, who is the first developing country chairman of the influential 24-member committee, said governments were already showing “reluctance” to pursue a goal they endorsed at the G20 summit in London this month.