More than 120 NGOs and academics in 38 countries demanded an end to the secretive and undemocratic process for appointing the IMF Managing Director. In a letter to governors on the International Monetary and Finance Committee they called for a transparent process and for the new head to be sympathetic to and understanding of the needs of developing countries. Elements of a transparent process should include:
- disclosure of the criteria being sought in candidates;
- encouraging all countries to propose candidates;
- making public the list of candidates;
- requiring candidates to make public their views and priorities on the structure and role of the IMF; and
- instituting a recorded, public Board vote on the candidates.
They also called for greater Board transparency, including recorded and published vote taking and transparent agenda setting and reporting processes.
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