Analysis of the IMFC communiqué, issues on 15 October, from the 2020 World Bank and IMF virtual Annual Meetings.
Carmen Reinhart, co-author of influential 2010 pro-austerity paper, named to key post.
IFC and CAO will undergo changes in leadership at a pivotal time for both institutions, with merit-based selection of new leaders essential.
Philippe Le Houérou will depart 1 October, after joining IFC in 2015.
World Bank chief economist departs as key role is “eroded”, while IMF’s Georgieva makes series of high-level appointments.
This Inside the Institutions looks at decision-making and governance structures at the IMF and World Bank.
The present IMF leadership 'contest' makes a mockery of the institution's multilateral character and further diminishes its legitimacy.
Lagarde resignation kicks-off another leadership race overshadowed by gentleman’s agreement.
At 75, the World Bank and IMF face a crisis of multilateralism in no small part of their own making as failed economic policies have resulted in skepticism of the international order they helped to create.
Leadership of the IMF and World Bank has been guided by a historical 'gentleman's agreement' between Europe and the United States. What does this agreement entail? And how could it be reformed?