First class flights more important than voice at IMF (Bretton Woods Project)

First class flights more important than voice at IMF

In the decision on IMF governance reform taken at the Singapore annual meetings, a commitment was made to increase the number of advisor and senior advisor positions for offices of executive directors (ED) from large, mainly African, constituencies. However, in April the board's committee on administrative affairs, chaired by the Belgian ED, opposed giving more than one advisor-level post to the African groups, citing the Fund's budget crunch. A full board meeting in May was unable to reach further compromise on the issue, with EDs refusing to reduce their offices' other expenses, such as their first class flights allowance, so that Africans could have more say in decision-making.

IMF quota reform poses risks to developing countries News|Bretton Woods Project|23 November 2006|update 53|url
During the annual meetings in Singapore the board of governors of the Fund passed a resolution that sets in motion a two-year quota reform process which may end up eroding, not enhancing, the voice of developing countries in the institution. read article...
Los vuelos en primera clase más importantes que la voz en el FMI News|Bretton Woods Project|16 July 2007|update 56|url
En decisión tomada en relación con la reforma gubernamental del FMI en Singapur durante las reuniones anuales, se pidió a un comité que aumentara el número de asesores senior para las oficinas de los directores ejecutivos (DE) de las mayores circunscripciones, principalmente las africanas. read article...

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

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First class flights more important than voice at IMF

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