Leadership

IFI governance

News

“Godmother of austerity” appointment to World Bank chief economist post

Carmen Reinhart, co-author of influential 2010 pro-austerity paper, named to key post.

16 July 2020
Former World Bank chief economist, Pinelopi Goldberg (left) Credit: World Bank; Geoffrey Okamoto, appointed IMF first deputy managing director (right)

IFI governance

News

Senior-level staff changes at World Bank and IMF

World Bank chief economist departs as key role is “eroded”, while IMF’s Georgieva makes series of high-level appointments.

7 April 2020

IFI governance

News

IFC CEO announces planned retirement

Philippe Le Houérou will depart 1 October, after joining IFC in 2015.

16 July 2020

IFI governance

Background

What is the ‘gentleman’s agreement’?

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?

23 July 2019 | FAQ
IMF Board of Governors, Bali, Indonesia, 2018

IFI governance

Background

IMF and World Bank decision-making and governance

This Inside the Institutions looks at decision-making and governance structures at the IMF and World Bank.

7 April 2020 | Inside the institutions

IFI governance

Commentary

Tout change et rien change pas: Global power and IMF leadership

The present IMF leadership 'contest' makes a mockery of the institution's multilateral character and further diminishes its legitimacy.

3 October 2019 | Guest comment
Illustration Observer Summer 2019

IFI governance

Analysis

Here we go again: Surprise IMF leadership change litmus test for its legitimacy

Lagarde resignation kicks-off another leadership race overshadowed by gentleman’s agreement.

30 July 2019

IFI governance

Analysis

The Bretton Woods Institutions and the second crisis of multilateralism

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.

30 July 2019 | At Issue

IFI governance

Analysis

World Bank president selection: 'Gentleman's agreement' alive and well

World Bank's board fails to live up to commitments to open, transparent and merit-based selection process for Bank president.

4 April 2019

IFI governance

News

World Bank appoints Independent Evaluation Group Director and Inspection Panel member

World Bank appoints Alison Evans as new IEG Director General and Ramanie Kunanayagam as Inspection Panel member

4 April 2019