The IMF has launched a so-called ‘fourth pillar’ to open discussion on its governance reforms to civil society organisations (CSOs). The interactive website has a discussion board where members can post ideas, questions, and documents. Jo Marie Griesgraber, who runs the site, said “nothing is tsboo, no issue is off the table” and encourages academics, think tanks and CSOs in developing countries to organise their own discussions on the site. The CSO consultation is supposed to be on equal footing with the eminent persons committee report on governance (see Update 65) and the IMF executive board subcommittee and the IEO report on governance (see Update 61)
EarthRights International examines how the Jam v. IFC case has helped to shift the landscape of accountability for international financial institutions by successfully challenging their claim to “absolute” immunity in US courts, potentially opening IFC up to further legal challenges in future.
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