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.
This Inside the Institutions looks at decision-making and governance structures at the IMF and World Bank.
Fund’s 15th review of quotas delayed as US blocks redistribution of voting rights.
Uneven votes shares and global power imbalances shape the IMF voting shares, as it prepares to shake up its voting quotas
Latest Review of Quotas expected to be quashed, as US signals it will block reform.
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”.
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.
Reform to the IMF’s voting shares shifts some power to emerging countries, but the institution’s leadership selection process remains opaque and undemocratic.
Reforms to World Bank and IMF voting shares continue to stall, leaving developing countries with no greater say in how they are run.
This briefing shows that multilateral governance is at risk if long-overdue IMF quota and board reforms are not ratified.