Voting rights

IMF MD Lagarde in discussion with German finance minister Wolfgang Schäuble at April 2015 G20 meeting - credit: IMF

Conditionality

Analysis

IMF “rebuked” over role in Troika and its lending to Greece, Ireland and Portugal

IMF’s Independent Evaluation Office has found the Fund’s 2010/2011 Troika lending to Greece, Ireland and Portugal fell short in terms of surveillance, design, implementation and decision making, and described controversial decisions as appearing “rubber-stamped”.

23 September 2016
IMF Staff Photo/Stephen Jaffe

IFI governance

Background

IMF & World Bank decision-making and governance

This Inside the Institutions examines the recent and ongoing reforms at the IMF and World Bank, and places them in context of existing structures and processes.

31 March 2016 | Inside the institutions
IMF Managing Director Christine Lagarde announces to the Executive Board the approval of the quota reforms, originally agreed in 2010. 
January 27, 2016 at the IMF Headquarters in Washington, DC. IMF Staff Photograph/Stephen Jaffe

IFI governance

Analysis

IMF governance: one step forward, one step back

Reform to the IMF’s voting shares shifts some power to emerging countries, but the institution’s leadership selection process remains opaque and undemocratic.

8 February 2016
Copyright New Rules for Global Finance

IFI governance

News

Developing countries seek to bypass stalled IMF and World Bank reform, risking US veto

Reforms to World Bank and IMF voting shares continue to stall, leaving developing countries with no greater say in how they are run.

25 September 2015
US Congress. Credit: Wikipedia

IFI governance

Analysis

Impasse at the IMF

This briefing shows that multilateral governance is at risk if long-overdue IMF quota and board reforms are not ratified.

31 March 2015 | At Issue
USCapitol_Building_3-publicdomain

IFI governance

News

US Congressional legislation threatens IMF and World Bank plans

US legislature’s spending bill blocks IMF governance reform, insists the World Bank pay reparations to communities that suffer human rights abuses, and bans US support for large dams or extractive projects in tropical forests.

23 January 2014

IFI governance

News

Developing countries seek new path for Fund governance reform

2010 agreement to reform IMF voting shares in favour of developing countries flounders as IMF governance reforms blocked by US Congress, again. Developing countries expressed anger and raised concerns about the Fund’s ability to deal credibly and effectively with new and ongoing financial crises.

8 May 2014

Finance

Analysis

The IFIs in 2013: year in review

The Bretton Woods Project review of the most important developments at the World Bank and IMF in 2013.

8 January 2014 | Review

IFI governance

News

Calls for IMF quota reform implementation

Countries, including Russia and India, have continued to express concerns over the failure to complete the 2010 IMF quota reform.

2 December 2013

IFI governance

Analysis

Annual meetings 2013: communiqués coverage

Detailed analysis of the communiqués from the 2013 World Bank and IMF annual meetings.

12 October 2013