World Bank president Robert Zoellick's handling of corruption in India and changes to the anti-corruption unit, signal a different approach to the problem from predecessor Paul Wolfowitz.
Voting rights
IFI governance
News
Staff in black
Thanks to pressure from the major shareholders the IMF’s new managing director Dominique Strauss-Kahn is being forced to cut the IMF’s budget. Internal documents reveal some details of the restructuring, including 15 per cent staff layoffs and charges for technical assistance, but fail to shed light on whether the Fund will shift away from dictating to poor countries and towards overseeing global markets.
IFI governance
News
UK to get new Bank board post
The British government announced in January that it will be ending the practice of having a single executive director for both the World Bank and the IMF.
IFI governance
News
EL G7 pide el corte del presupuesto del FMI
Los principales accionistas del Fondo le han solicitado que disminuya drásticamente sus gastos.
Accountability
News
UK report on its activities at the World Bank
In late November, the UK released its third report on its relationship with the World Bank, disappointing in the coverage and depth of its analysis.
Accountability
News
Public campaigns to reform IDA
In Europe, Asia and the United States, civil society has campaigned for reform of the World Bank through the replenishment process of the International Development Association.
IFI governance
News
Ungovernable debate over Fund governance reform
With the wait for new leadership at the IMF over and the deadline for a deal on quota reform looming, the hard bargaining over power at the Fund will now begin. Still no end to European dominance of the institution is in site.
IFI governance
News
Strauss-Kahn to make $500,000 as IMF head
For the first time, the terms of appointment for the managing director of the IMF have been publicly released. Dominique Strauss-Kahn will earn a tax-free salary of $420,930 and expense allowances of $75,350 per year.
IFI governance
Analysis
Double majority decision making at the IMF
Many have championed the use of double majorities at the IMF board in order to increase the ability of developing countries to influence decision making. The acceptance of this idea by incoming IMF managing director Dominique Strauss-Kahn is welcome, but if he chooses to use a chair-based, rather than member-state-based, second majority it will not change the power dynamics at the board.
Accountability
Background
Rethinking the governance of the IMF
Highlights of a 19 October discussion on the reform of IMF governance at the World Bank-IMF annual meetings 2007.
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IMF surveillance and climate change transition risks
New briefing by ActionAid USA and the Bretton Woods Project highlights research showing that IMF policy advice has undermined a just energy transition since the Paris Agreement was signed.