Highlights of a 19 October discussion on the role of low-income countries in IMF governance at the World Bank-IMF annual meetings 2007.
Voting rights
IFI governance
News
Annual Meetings 2007: Communiqués coverage
Coverage of the communiques from the G24, G7, IMFC and Development Committee at the 2007 Annual Meetings of the World Bank and IMF.
Accountability
Analysis
Transparency at the IMF
A guide for civil society on getting access to information from the IMF
IFI governance
Analysis
Reform of World Bank governance structures
This analytical note discusses potential governance reforms in the World Bank's governance structures, with an understanding that some reforms become more or less imperative depending on the direction of the discussions around the long-term strategic direction of the Bank.
IFI governance
News
Yet another European for senior post at IMF
In early October Italian Economy Minister Tommaso Padoa-Schioppa was selected to be the next chair of the powerful International Monetary and Finance Committee (IMFC), marking the second European in a week to be chosen for a important position at the IMF.
IFI governance
News
Ecuador turfs out IMF representative
Following its expulsion of the World Bank’s country representative, Ecuador has now thrown the IMF’s resident representative out of the offices of the Central Bank.
IFI governance
News
New IMF head, same legitimacy problem
French socialist Dominique Strauss-Kahn has been selected to take over as the managing director of the IMF, but he comes in on a wave of displeasure with both the undemocratic system that selected him and the strategic direction of the Fund.
IFI governance
News
'That position is ours': Another European to head the IMF
Just 12 days after IMF managing director Rodrigo de Rato made a surprise announcement that he would resign in October, European countries have put forward a leading member of the French socialist party and former finance minister Dominique Strauss-Kahn to replace him. It is the second lost opportunity in as many months for reform of the anachronistic governance of the international financial institutions.
IFI governance
News
Heated exchanges over exchange rates
The IMF executive board agreed to revise the legal framework for bilateral surveillance in June with the final text incorporating many of the safeguards demanded by developing countries but still angering the Chinese.
IFI governance
News
First class flights more important than voice at IMF
In Singapore a commitment was made to increase the number of advisor and senior advisor positions for the executive directors (ED) offices of large constituencies, mainly Africans. However, in April the board's committee on administrative affairs, chaired by a European country, opposed giving more than one advisor-level post to the African groups.
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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.