Michel Camdessus, former IMF Managing Director, has proposed that the G8 should be expanded to the G30, to include all countries represented on the IMF and World Bank boards plus representatives from the IMF, WB and UN institutions.
Voting rights
IFI governance
News
Gold tied to IMF evaluation
US congress has agreed a proposal to revalue IMF gold to fund the HIPC Debt Initiative on the condition that the money earned is not used to refinance ESAF (now renamed the Poverty Reduction and Growth Facility - PRGF).
IFI governance
News
Strategic Compact reform funding to end
The extra funding released to restructure the Bank under President Wolfensohn’s “Strategic Compact” reform initiative will run out in March 2000.
IFI governance
News
Bank private sector strategy
In September the World Bank produced a new private sector development strategy.
IFI governance
News
Bank/Fund voting challenged
In late August India’s central bank chief told a meeting of bankers in Sri Lanka that the voting structure of international funding agencies should be changed to reflect the economic strengths of developing nations.
IFI governance
News
CDF country pilots show wide differences in approach
Wolfensohn’s Comprehensive Development Framework, which aims to make the World Bank more responsive to different policy proposals, and encourage long-term, integrated decision-making, is now being piloted in 12 countries.
IFI governance
News
IMF voting reform examined
A small committee has been set up to investigate whether to reform the IMF’s formula for allocating votes between countries on its Board.
IFI governance
News
Instituting IMF evaluation
Two more external evaluations of the IMF’s activities are about to be completed.
IFI governance
News
Bank hires UK corporate governance expert
This summer Anne Simpson will leave Pensions and Investment Research Consultants to develop the World Bank’s corporate governance strategy for the private sector.
IFI governance
News
New Bank NGO chief unveils plans
This spring Willy Reuben left a Costa Rican NGO to join the World Bank as head of its NGO Unit.