Voting rights

IFI governance

News

European countries plot heist of IMF top job once again

As nominations close on the IMF leadership race it seems certain that European countries will trample over promises for "an open, merit-based and transparent selection process", and succeed in shoe horning French finance minister Christine Lagarde into the job.

10 June 2011

IFI governance

Commentary

More than 100 global campaigners call for fair appointment of IMF managing director

With the resignation of the International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn, a global coalition of campaigners has called for an open and merit-based process to elect the next IMF head.

23 May 2011 | Press release

IFI governance

Analysis

Question time for candidates! Public debate needed for IMF leadership post

The IMF still needs fundamental reform if it is to be relevant to the global economy of the 21st century and to operate in the interests of ordinary people all over the world. We believe there are 4 key areas where these candidates must answer questions and that these questions should be answered in a public debate among the candidates.

10 June 2011 | Briefings

IFI governance

Analysis

Heading for the right choice?

The IMF has committed itself to ending European dominance of selection of its managing director, and introducing an open, merit-based and transparent process. This paper sets out the three key elements to ensuring a successful process next time: a focus on selecting the best candidate available; a clear, fair, and transparent process; and the legitimacy gained from the backing of a majority of countries as well as IMF voting shares.

6 April 2011 | At Issue

IFI governance

News

Open letter to all Governors of the International Monetary Fund

Because of the resignation of Dominique Strauss-Kahn as IMF Managing Director, we are writing to urge you to push for the selection of the best candidate through an open, merit-based, transparent process, and the public support of the majority of the IMF membership, including developing countries.

23 May 2011 | Letters

IFI governance

Commentary

Campaigners demand fair selection process on Strauss-Kahn resignation

With the resignation of the International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn, a global coalition of campaigners has called for an open and merit-based process to elect the next IMF head.

19 May 2011 | Press release

Accountability

News

World Bank safeguards and independent scrutiny at risk?

Civil society groups have challenged Bank plans to rush through a new lending instrument, Program-for-Results, that would mean safeguards or equivalent standards no longer apply to a major portion of Bank lending. Meanwhile, a secretive review could strip the Bank's accountability bodies of their independence and safeguards could be scaled back for projects deemed "low risk".

5 April 2011

IFI governance

News

Another G7 national appointed as IMF deputy managing director without open process

In late February, the IMF appointed Nemat 'Minouche' Shafik as the third deputy managing director, replacing Brazilian Murilo Portugal, who resigned in mid January to become the president of Brazilian Banking Federation.

5 April 2011

IFI governance

News

Dollar debate continues

In January, French president Nicholas Sarkozy stoked the debate about reforming the international monetary system while deliberations on the potential future role of the IMF’s special drawing right as a prototype global reserve currency continued.

17 February 2011

IFI governance

News

'Groupthink' IMF slammed for mistakes before crisis

The Independent Evaluation Office (IEO) found major IMF lapses in judgement before the financial crisis, including the promotion of "light-touch regulation", casting doubt on the Fund's ability to contribute to taming global finance.

17 February 2011