Bank president Paul Wolfowitz initiated an external review of Bank systems of transparency, accountability, ethics and integrity at the end of July. The man chosen for the job is Robert Pozen, current chair of MFS investment and previously a visiting professor of economics at Harvard University. He will review the Bank’s systems in this area and advise Wolfowitz whether he believes any changes are needed to “improve effectiveness and ensure proper coordination”. The purpose of the review is to “clarify roles, ensure an efficient use of resources, and ascertain that there are no gaps”. Bank watchers worry that new gaps may be exactly what results after Pozen presents his report at the end of September.
The Bretton Woods Project has published a new briefing providing a critical analysis of the IMF's latest work on gender equality. The briefing questions the sustainability of the Fund's new approach to gender equality and reveals that the Fund's analysis so far is limited and inconsistent with the full achievement of women's economic empowerment.
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