Voting rights

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

IFI governance

News

CDF country pilots show wide differences in approach

Wolfensohn’s Comprehensive Development Framework, which aims to make the World Bank more responsive to different policy proposals, and encourage long-term, integrated decision-making, is now being piloted in 12 countries.

15 September 1999

IFI governance

News

Instituting IMF evaluation

Two more external evaluations of the IMF’s activities are about to be completed.

15 June 1999

IFI governance

News

Bank hires UK corporate governance expert

This summer Anne Simpson will leave Pensions and Investment Research Consultants to develop the World Bank’s corporate governance strategy for the private sector.

15 June 1999

IFI governance

News

New Bank NGO chief unveils plans

This spring Willy Reuben left a Costa Rican NGO to join the World Bank as head of its NGO Unit.

15 June 1999

IFI governance

News

IMF voting reform examined

A small committee has been set up to investigate whether to reform the IMF’s formula for allocating votes between countries on its Board.

15 June 1999