IFI governance


IMF to splash out on office refurb?

17 February 2011

After a spike in lending that shored up the IMF’s income, the Fund board is considering various options for refurbishing its headquarters building in Washington. The board work programme specified a board committee discussion before end 2010 with a final decision in February or March. No information about the cost of the proposals has been made public. Melinda St Louis of NGO Jubilee USA Network asked: “Should the IMF get another stunning fountain at its headquarters or should countries in Sub-Saharan Africa receive debt relief to invest in clean water for the most vulnerable?”