Voting rights

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.

26 October 2000

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.

26 October 2000

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.

26 October 2000

IFI governance

News

Evaluating the Fund

Terms of reference have been agreed for the IMF’s External Evaluation Office (EVO).

26 October 2000

IFI governance

News

Committees to review selection of IFI heads

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.

11 August 2000

IFI governance

News

IMF Agrees More Transparency

Executive directors have agreed to set up an independent evaluation unit for the IMF.

14 June 2000

IFI governance

News

Summmers Calls For Transparent Selection

US Treasury Secretary Lawrence Summers has suggested that the Fund and Bank should set up outside advisory committees which would choose new heads for the institutions from a panel of candidates.

14 June 2000

IFI governance

News

Blair appeal on global institutions

At the Davos Economic Summit in January UK Prime Minister Tony Blair called for serious debate about reforming global institutions.

15 April 2000

IFI governance

News

Horst Köhler new IMF head

A vote by the IMF Board has confirmed Horst K

15 April 2000

IFI governance

News

IMF succession process “secretive and undemocratic”

More than 120 NGOs and academics in 38 countries demanded an end to the secretive and undemocratic process for appointing the IMF Managing Director.

15 April 2000