Voting rights

IFI governance

News

US deadlock stalls IMF governance reform

The IMF governance debate goes beyond the mathematics of voting shares and representation, bringing to the fore critical questions about the Fund's legitimacy.

8 April 2013

IFI governance

News

IFC appoints American to general counsel role

The International Finance Corporation appointed US-national Ethiopis Tafara as its vice president and general counsel on 1 April.

8 April 2013

IFI governance

News

World Bank's trust fund annual report shows slight decline in number of funds

The Bank published its 2012 annual report for trust funds end January.

8 April 2013

IFI governance

News

BRICS challenge IFIs

Large middle-income countries jointly initiated alternatives to the World Bank and IMF in March, but advocates are not satisfied with either set of institutions. While challenge to the IMF has been welcomed, civil society actors fear that a new development bank would serve "vested interests" and could lead to "exploitation".

8 April 2013

IFI governance

News

IMF governance "credibility cliff"?

After missing the October deadline to approve the governance reforms agreed in 2010, IMF shareholders have also missed the January 2013 deadline to agree changes in the IMF quota formula.

13 February 2013

IFI governance

Background

World Bank Group's sub-national lending

The World Bank and the International Finance Corporation (IFC, the Bank's private sector arm) are jointly encouraging sub-national lending to states or provinces, aimed at boosting direct engagement at the state or municipal level.

13 February 2013 | Inside the institutions

IFI governance

News

Pakistani PM's son-in-law new World Bank ED

The Pakistani prime minister Raja Pervaiz Ashraf controversially appointed his son-in-law Raja Azeemul Haq as World Bank executive director (ED) in December replacing current ED Javed Talat whose term had expired.

13 February 2013

IFI governance

News

Kim launches first World Bank restructuring salvo

After winning over staff and shareholders in his first six months as World Bank president, Jim Yong Kim launched a publicly unexplained reorganisation of senior management at the Bank in late December, ahead of an expected strategy overhaul and deeper restructuring.

12 February 2013

Accountability

News

ICSID billion dollar cases prompt criticism

The International Centre for Settlement of Investment Disputes (ICSID), an arm of

12 February 2013

IFI governance

News

World Bank accused of racial discrimination

An online petition launched by an international group of current and former Bank staffers, justice for blacks, calls upon Human Rights Watch, the Bank’s governing board and the US government to investigate the Bank’s flagrant inability to uphold its policy of “zero-tolerance policy for discrimination”.

6 December 2012