A new informal network of civil society organizations has begun working together to overcome the secrecy surrounding the operations of International Financial Institutions.
Voting rights
IFI governance
News
Europeans urged to coordinate in WB, IMF
Senior officials have recently backed closer European government collaboration on World Bank and IMF policies.
IFI governance
News
NGO & IFI accountability gaps laid bare
A new report compares the accountability mechanisms of 18 selected global institutions, transnational companies and NGOs.
IFI governance
News
New aspects of IMF voting inequity
A new study reveals complex aspects of the undemocratic nature of the IMF.
IFI governance
Analysis
Window of opportunity on IFI governance
Discussion of the key issues to be raised when the Development Committee discusses reforms to the governance structure of the IFIs at the Spring Meetings this April.
IFI governance
News
Bank launches trade tome
The release of Development, Trade and the WTO: A Handbook signals the World Bank’s rapidly increasing involvement in trade issues, triggering fears that its policy biases will gain too influential a foothold.
IFI governance
News
Parliamentarians gear up to increase scrutiny of World Bank
A number of efforts are moving forward to make it easier for elected representatives to monitor the World Bank. They include the World Bank Parliamentary Network and initiatives stemming from the World Social Forum and the French parliament. Closer collaboration with NGO Bank-watchers will help make them a success.
IFI governance
News
Wolfensohn appoints poverty results champion under pressure from US
The World Bank has appointed a new Vice President for “results”. He commented, “we need to move from largely measuring inputs to better focusing on outputs and outcomes”. This is a response to calls from the US administration which has said it will make future contributions to the Bank conditional on measuring precise results.
IFI governance
News
New briefing on IMF reform proposals
A new briefing argues for a reformed International Monetary Fund within “a new financial architecture”.
IFI governance
News
Headhunting policy updated
The joint draft report from the Executive Board Working Groups reviewing the leadership selection processes of the World Bank and IMF recommends that candidates could be nationals of any member country, and that Executive Directors should agree on a shortlist and make an appointment by consensus.