Civil society calls upon the IMF to implement a meaningful quota reform by June 2025 and prioritise realignment of shares to reflect more accurately the changes in the global economy and address representation issues
Voting rights
Finance
Background
What are Special Drawing Rights (SDRs)?
This Inside the Institutions looks at the IMF’s Special Drawing Rights, including their history and usage, with a focus on the latest allocation, which accounts for 69 per cent of the SDRs ever disbursed.
Finance
Analysis
The IMF and World Bank talk good governance, but walk with state- capturers
From South Africa to Tunisia, Libya and Egypt, the Bank and Fund have demonstrated they are not appropriate allies to address the scale of the crisis the world is facing, especially, given their record.
IFI governance
Analysis
Clock is ticking: Will IMF’s 16th Quota Review mean a further loss of legitimacy for the Fund?
The recent BRICS enlargement creates additional pressure for IMF governance reform.
Finance
Analysis
Balancing ambitions and bridging divides at multilateral development banks
The success of the World Bank Evolution Roadmap will depend on developed countries' willingness to bridge the gap with developing countries by increasing Global South decision-making power and committing to a capital increase.
IFI governance
Analysis
The IMF at the 75th anniversary of the Universal Declaration of Human Rights: The need for governance reform
As the world celebrates the 75th anniversary of the Universal Declaration of Human Rights, it is time the IMF’s shareholders use the opportunities provided by the anniversary and growing calls for reforms to the international financial architecture to redesign the IMF’s governance structures and programmes to ensure they are consistent with the commitments outlined in 1948 and with international human rights law.
IFI governance
Analysis
IMF quota review: Putting climate at the core of IMF governance reform
Addition of cumulative carbon emissions indicator in IMF quota formula would give climate-vulnerable countries greater voice in IMF.
Finance
Analysis
A new Bretton Woods for whom? Civil society calls for democratisation of global governance
As geopolitical tensions rise amidst worsening global economic conditions, civil society demands the democratisation of a world economic order away from the established Global North and elite capitalist hegemony.
IFI governance
Analysis
IMFC communiqué analysis – Spring Meetings 2021
Analysis of the IMFC communiqué published on 8 April from the 2021 World Bank and IMF virtual Spring Meetings.
IFI governance
Analysis
Biden, the Bank and IMF: A break with ‘America first’ or its continued pursuit through multilateral means?
The world awaits to see whether Trump’s defeat will result in the end of the 'America First' approach and a democratisation of the IMF and World Bank and the multilateral system.