A small committee has been set up to investigate whether to reform the IMF’s formula for allocating votes between countries on its Board.
Voting rights
IFI governance
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Bank seeks balanced development strategies
Bank President James Wolfensohn has announced a new initiative which aims to balance economic with non-economic analysis and enable real participation and transparency in drawing up country strategies.
IFI governance
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Bolivian NGOs angry at misrepresentation
Key Bolivian NGOs feel that Wolfensohn has misrepresented the Bolivian National Dialogue (carried out in 1997) and subsequent process as a model for other countries to follow.
IFI governance
News
Financial Stability Forum agreed
The G7 will establish a Financial Stability Forum (FSF) to improve the monitoring and regulation of financial markets.
IFI governance
News
IMF social staff appointed
The UK Department for International Development is funding 2 social advisors to join the IMF’s Africa department to advise on the social implications of the IMF’s ESAF programmes.
IFI governance
News
World Bank outlines plans for more active European engagement
The Bank’s new Vice President for Europe, Jean-Francois Rischard aims to increase the Bank’s engagement with European NGOs and academics.
IFI governance
News
Bank participation in carbon fund in doubt
The World Bank may have failed to secure European financial support for the Prototype Carbon Fund, one of the controversial carbon-trading schemes devised to implement the Kyoto climate change protocol.
IFI governance
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Greening the Bank: next steps
In September over 50 NGOs from 15 countries made recommendations to the World Bank on the environment.
IFI governance
News
Transparency
The G7 has agreed to the G22 Working Group on Transparency and Accountability’s recommendation to establish a formal mechanism to evaluate IMF policies and programmes, but it is not clear what form this will take.
IFI governance
News
Towards a partnership Bank?
A refreshing new World Bank discussion paper frankly recognises that aid agencies are not cooperating effectively, and that mechanisms such as Consultative Groups and the Bank’s internal culture need to change.
Featured briefings
14 December 2020
Gambling with our lives: Global emergencies expose consequences of decades of IMF and World Bank policies
Market-led policy approaches increasingly used to deal with both climate and health emergencies are failing to protect those most vulnerable.
10 December 2020
The Bretton Woods Observer: Winter 2020
12 October 2020