Voting rights

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

IFI governance

News

G8 to G30

Michel Camdessus, former IMF Managing Director, has proposed that the G8 should be expanded to the G30, to include all countries represented on the IMF and World Bank boards plus representatives from the IMF, WB and UN institutions.

15 April 2000

IFI governance

News

Gold tied to IMF evaluation

US congress has agreed a proposal to revalue IMF gold to fund the HIPC Debt Initiative on the condition that the money earned is not used to refinance ESAF (now renamed the Poverty Reduction and Growth Facility - PRGF).

15 December 1999

IFI governance

News

Strategic Compact reform funding to end

The extra funding released to restructure the Bank under President Wolfensohn’s “Strategic Compact” reform initiative will run out in March 2000.

15 December 1999

IFI governance

News

Bank private sector strategy

In September the World Bank produced a new private sector development strategy.

15 December 1999

IFI governance

News

Bank/Fund voting challenged

In late August India’s central bank chief told a meeting of bankers in Sri Lanka that the voting structure of international funding agencies should be changed to reflect the economic strengths of developing nations.

15 September 1999