UK Treasury to focus on IMF surveillance (Bretton Woods Project)

UK Treasury to focus on IMF surveillance

In its annual report to parliament The UK and the IMF, the UK Treasury's most ambitious goal for 2007 is a revision of the IMF's surveillance framework. While also emphasising governance reform of the IMF, the report does not prioritise creating an open and merit-based process for selecting the managing director, overhauling the transparency policy, or grappling with the issue of what role the Fund should be playing in low-income countries. The 2006 annual report to UK parliament on relations with the World Bank, which is produced separately by the Department for International Development, has not yet been released .

UK Treasury to focus on IMF surveillance reform in 2007 Full analysis of UK and IMF 2006 report to parliament News|Bretton Woods Project|18 May 2007|url
In its annual report to parliament about the UK and the IMF, this year subtitled "Reform to delivery prosperity for all", the UK Treasury's most ambitious goal for 2007 is to revise the IMF's surveillance framework. While also setting out to build on the proposals for governance reform of the IMF, the report does not prioritise creating an open and merit-based process for selecting the managing director of the IMF, overhauling the transparency policy at the Fund, or grappling with the issue of what role the Fund should be playing in low-income countries. read article...
UK reports on World Bank and IMF: More work to do News|Bretton Woods Project|8 April 2006|update 50|url
The UK's Department for International Development and Treasury released in late March annual reports on their relationship with the World Bank and the IMF respectively. read article...

Related resources

The UK and the IMF 2006 Reform to deliver prosperity for all Report|HM Treasury|30 March 2007|PDF|URL

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Published: 2 July 2007 , last edited: 2 July 2007

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UK Treasury to focus on IMF surveillance

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