Analysis of the IMFC communiqué published on 8 April from the 2021 World Bank and IMF virtual Spring Meetings.
Voting rights
IFI governance
Analysis
Biden, the Bank and IMF: A break with ‘America first’ or its continued pursuit through multilateral means?
The world awaits to see whether Trump’s defeat will result in the end of the 'America First' approach and a democratisation of the IMF and World Bank and the multilateral system.
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.
IFI governance
News
Quota reform impasse likely as IMF faces legitimacy crisis
Latest Review of Quotas expected to be quashed, as US signals it will block reform.
IFI governance
News
US blocks IMF voting rights redistribution
Fund’s 15th review of quotas delayed as US blocks redistribution of voting rights.
IFI governance
News
IMF quota reforms: The fight for democratic governance continues
Uneven votes shares and global power imbalances shape the IMF voting shares, as it prepares to shake up its voting quotas
Conditionality
Analysis
IMF “rebuked” over role in Troika and its lending to Greece, Ireland and Portugal
IMF’s Independent Evaluation Office has found the Fund’s 2010/2011 Troika lending to Greece, Ireland and Portugal fell short in terms of surveillance, design, implementation and decision making, and described controversial decisions as appearing “rubber-stamped”.
IFI governance
Background
IMF & World Bank decision-making and governance (archive)
This Inside the Institutions examines the recent and ongoing reforms at the IMF and World Bank, and places them in context of existing structures and processes.
IFI governance
Analysis
IMF governance: one step forward, one step back
Reform to the IMF’s voting shares shifts some power to emerging countries, but the institution’s leadership selection process remains opaque and undemocratic.
IFI governance
News
Developing countries seek to bypass stalled IMF and World Bank reform, risking US veto
Reforms to World Bank and IMF voting shares continue to stall, leaving developing countries with no greater say in how they are run.
Featured briefings
30 March 2021
World Bank and IMF Spring Meetings 2021
23 March 2021
The Bretton Woods Observer: Spring 2021
23 March 2021
Tip of the iceberg: How the call for SDRs reveals the urgency for deeper reforms of the global reserve system to address systemic inequalities
Renewed calls for a substantial SDR allocation raise urgency of reforming the inequitable global reserve ‘non-system’.