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.
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IFI governance
News
Study urges overhaul of international institutions
A new study from the United Nations University (UNU), an autonomous UN institution based in Tokyo, calls for an overhaul of international institutions.
IFI governance
Analysis
Success or failure? Wolfensohn’s reforms at the World Bank
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
IFI governance
Analysis
IMF Governance Update
Information on processes and opportunities for influencing the IMF's governance structures.
IFI governance
News
Study on strategic issues for development banks
A wide-ranging new study overviews the strategic framework for the future of the Multilateral Development Banks (MDBs).
IFI governance
News
Bretton Woods summit on Dutch coast
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.
IFI governance
News
IMF Lending facilities reformed
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.
IFI governance
News
Financial review body formed
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.
IFI governance
News
Reform of IMF governance now on the agenda?
At the Annual Meetings South African Finance Minister, Trevor Manuel, demanded a more powerful voice for developing countries.
IFI governance
News
Evaluating the Fund
Terms of reference have been agreed for the IMF’s External Evaluation Office (EVO).
Featured briefings
6 April 2023
World Bank and IMF Spring Meetings 2023
5 April 2023
The IMF at the 75th anniversary of the Universal Declaration of Human Rights: The need for governance reform
As the world celebrates the 75th anniversary of the Universal Declaration of Human Rights, it is time the IMF’s shareholders use the opportunities provided by the anniversary and growing calls for reforms to the international financial architecture to redesign the IMF’s governance structures and programmes to ensure they are consistent with the commitments outlined in 1948 and with international human rights law.
5 April 2023
The global financial architecture and the international debt crisis: An urgent call for reform
Influence of unreformed international financial institutions and creditor interests in debt solutions in low- and middle-income countries plagued by delay and ineffective when undertaken.