The IMF should implement a double majority voting system that requires the achievement of two separate majorities - one based on one-country one-vote and the other on economically weighted quotas - for any decision to be made. This paper describes this system as a state-weight double majority, reflecting the two components of the suggested approach.
Voting rights
IFI governance
News
New executive directors at the IMF and World Bank
At the annual meetings of the World Bank and IMF in Singapore, the Board of governors completed their ritualistic biannual election for seats on the executive board of the IMF and the World Bank. At the IMF seven new faces and one old one will assume the director chairs for two-year terms. At the Bank there are twelve new ED: five step up from positions as alternates while there are seven newcomers.
IFI governance
News
Senior Bank staff exodus continues
Long-serving heads of the African and Middle Eastern regions have departed after disagreements with Bank president Wolfowitz.
IFI governance
Background
The IMF programme cycle
The IMF has regular, systematic engagement with government representatives at many levels. Implementation of the IMF’s programme cycle varies from one country to the next, depending on the situation and need of the country in question. The nature of the programme cycle is highlighted by looking at the cases of Uruguay and Mozambique.
IFI governance
News
IMF outsources to abate cash crunch
The IMF is in the midst of negotiations on a multi-million dollar outsourcing contract with Tata Consultancy Services, India’s biggest computer-services provider.
IFI governance
News
New senior staff at IMF, Bank
IMF managing director Rodrigo de Rato selected the deputy finance minister of Brazil, Murilo Portugal, to succeed Agust
IFI governance
News
IMF quota reform poses risks to developing countries
During the annual meetings in Singapore the board of governors of the Fund passed a resolution that sets in motion a two-year quota reform process which may end up eroding, not enhancing, the voice of developing countries in the institution.
Accountability
Analysis
Research, knowledge and the art of “paradigm maintenance”
Robin Broad, professor in the School of International Service at American University, describes six mechanisms by which the World Bank's development economics vice-presidency performs a "paradigm-maintenance" role, privileging individuals whose work "resonates" with the neo-liberal free-market ideology.
Accountability
Background
Global Transparency Initiative (GTI) - regional launch
This is a summary of the Global Transparency Initiative (GTI) regional launch held at Westminster on the 2nd of November 2006.
IFI governance
Background
Highlights of Hilary Benn meeting with UK NGOs
Highlights of semi-annual meeting between UK Secretary of State for International Development and UK NGOs. Topics covered include CSO access to annual meetings, conditionality, anti-corruption, odious debt, clean energy, education in LICUS, bank internal governance, IFC safeguards
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8 November 2021
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.