Voting rights

IFI governance

News

Civil society calls for a meaningful Quota Reform that accurately reflects the changes in the global economy to ensure a fair representation of all member countries

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

18 December 2023 | Letters

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.

9 December 2021 | Inside the institutions
Tunisians demonstrate for peace, freedom of speech and for a secular state ahead of elections for a Constituent Assembly on 23 October 2011, following the Tunisian Revolution. Credit: European Parliament

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.

4 October 2023 | At Issue
BRICS leaders’ official photo at the XV BRICS Summit in Johannesburg, South Africa, August 2023.

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.

4 October 2023

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.

4 October 2023

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.

5 April 2023 | At Issue

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.

8 December 2022 | Guest analysis

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.

21 July 2022

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.

13 April 2021

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.

10 December 2020