A new study from the United Nations University (UNU), an autonomous UN institution based in Tokyo, calls for an overhaul of international institutions.
The World Bank is again trumpeting the changes it has made during Wolfensohn’s Presidency. But recent Bank documents reveal that many problems remain. These include a failure to institute a system for monitoring staff contributions to results in alleviating poverty, taking on too many global issues, and failing to balance global goals and national programmes. In a recent survey only 33% of developing country government officials said they thought the Bank was “effective” in hel
Information on processes and opportunities for influencing the IMF's governance structures.
Many people have discussed at different times the idea of organizing a new, alternative Bretton Woods summit to update the one of 1944 which gave rise to the World Bank and IMF.
A wide-ranging new study overviews the strategic framework for the future of the Multilateral Development Banks (MDBs).
As part of the IMF’s overhaul, the IMF Board has agreed to further changes in key credit lines: the Contingency Credit Line (CCL), the Extended Fund Facility and Stand-by Loans.
A Financial Sector Review Group has been set up to provide the IMF with an independent perspective on its financial sector and capital markets work.
At the Annual Meetings South African Finance Minister, Trevor Manuel, demanded a more powerful voice for developing countries.
Terms of reference have been agreed for the IMF’s External Evaluation Office (EVO).
The Boards of the IMF and World Bank have each established working groups to review the processes for selecting the Managing Director and President of the respective institutions.