At the Davos Economic Summit in January UK Prime Minister Tony Blair called for serious debate about reforming global institutions.
Voting rights
IFI governance
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Horst Köhler new IMF head
A vote by the IMF Board has confirmed Horst K
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.
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.
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).
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.
IFI governance
News
Bank private sector strategy
In September the World Bank produced a new private sector development strategy.
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.
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.
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.
Featured briefings
3 July 2024
The Bretton Woods Observer: Summer 2024
3 July 2024
Is the World Bank rolling back commitments to citizen engagement, again?
Understanding the Bank’s chequered history with public, community and civil society participation is key for understanding what is at stake and what to do next.
3 June 2024
A way out for IMF reform
New paper analyses the IMF 16th Quota Review and identifies key governance reforms feasible in the current economic and geopolitical context.