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.
US legislature’s spending bill blocks IMF governance reform, insists the World Bank pay reparations to communities that suffer human rights abuses, and bans US support for large dams or extractive projects in tropical forests.
2010 agreement to reform IMF voting shares in favour of developing countries flounders as IMF governance reforms blocked by US Congress, again. Developing countries expressed anger and raised concerns about the Fund’s ability to deal credibly and effectively with new and ongoing financial crises.
The Bretton Woods Project review of the most important developments at the World Bank and IMF in 2013.
Countries, including Russia and India, have continued to express concerns over the failure to complete the 2010 IMF quota reform.
Detailed analysis of the communiqués from the 2013 World Bank and IMF annual meetings.
Minutes of CSO meeting with Stewart James, UK Alternate Executive Director to the World Bank, 15 July 2013
Following the publication of the Fund's response to the IEO evaluation report which was endorsed by the Board in April, the IMF has published its three-part implementation plan on international reserves including a successor paper updating the Fund's 2011 work on reserve adequacy.