Bank/Fund governance: no progress (Bretton Woods Project)

The World Bank board held a formal meeting at the end of July to discuss proposals to rebalance the governance of the World Bank and IMF. Because the rich nations were not prepared to concede power and position, however, little was agreed. Governance is still on the agenda of the Bank/Fund annual meetings in Dubai, however, and will also come up at UN meetings at the end of October. There is not likely to be anything significant to announce on either occasion, although some limited capacity-building measures are expected with support from European bilateral donors and some new ways may be found to involve developing countries in discussions about IDA replenishment next year.

Window of opportunity on IFI governance Briefing|Bretton Woods Project|28 January 2003|update 32|url
Discussion of the key issues to be raised when the Development Committee discusses reforms to the governance structure of the IFIs at the Spring Meetings this April. read article...
US, Europeans trade blows over lack of progress on Bank, Fund governance reform News|Bretton Woods Project|21 July 2003|update 35|url
In late June it emerged that the US government was planning to block progress in the official discussions on reform of World Bank/IMF governance. read article...
Open statement on steps to democratize the World Bank and IMF News|Bretton Woods Project|1 April 2003|update 33|url
Following the Monterrey conference on Financing for Development a number of official discussions are underway about changing the governance regime of international institutions. read article...
Increasing clarity on limitations of IFI governance debate News|Bretton Woods Project|1 April 2003|update 33|url
In mid February high-level meetings were held in Washington DC to examine proposals to reform the governance of the World Bank and IMF. read article...
High-level UN meeting debates IFI governance News|Bretton Woods Project|26 May 2003|update 34|url
On 14 April a high-level meeting of the UN Economic and Social Affairs Council (ECOSOC) was held with the World Bank, IMF and the WTO on "increased coherence, coordination and cooperation for the implementation of the Monterrey Consensus". read article...

Related resources

Challenges To The World Bank And IMF: Developing Country Perspectives Briefing|G-24|8 September 2003|Book|URL
Book containing analysis commissioned as part of the G-24 Southern government research programme.
Struggling to be Heard: Democratising the World Bank and the IMF by Jennie Richmond Briefing|Christian Aid|8 September 2003|Web page|URL
Report showing ground-level effects of poor peoples' lack of voice in the World Bank and IMF.
US blocking World Bank, IMF governance reforms Press release|Bretton Woods Project|17 July 2003|Word doc|URL
Press release demanding an end to US government attempts to block all discussion of structural changes to the World Bank�s governance, something which has been repeatedly demanded by Bank critics and promised by ministers at international summits

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Published: 8 September 2003 , last edited: 12 September 2003

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Bank/Fund governance: no progress

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