The G7 will establish a Financial Stability Forum (FSF) to improve the monitoring and regulation of financial markets.
Voting rights
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
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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
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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.
IFI governance
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Blair proposes IFI reforms
UK Prime Minister Tony Blair made a speech at the New York Stock Exchange arguing that the World Bank and IMF have fundamental weaknesses and need to be reformed.
IFI governance
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New analysis of how to change the Bank
MIT Press has just published a fascinating analysis of efforts to change the World Bank.
IFI governance
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East Asia Crisis group examines NGO roles
The World Bank has established an East Asia Crisis working group to tackle some of the social aspects of the financial crisis.
IFI governance
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Senior Bank environment post kept after NGO letter
A joint NGO letter recently helped prevent a plan by World Bank Managing Directors to axe the Environmentally and Socially Sustainable Development Vice Presidency (ESSD).
IFI governance
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Bank builds muscle to deal with crises
The Bank will spend $50m over the next two years recruiting financial sector experts for a new Special Financial Operations unit.
IFI governance
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World Bank Plans Profitable CO2 Trading
The Kyoto climate change meeting in December brought together ministers from 160 countries to agree binding restrictions on greenhouse gas emissions.
