The International Finance Corporation appointed US-national Ethiopis Tafara as its vice president and general counsel on 1 April.
Voting rights
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.
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.
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.
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.
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.
Accountability
News
ICSID billion dollar cases prompt criticism
The International Centre for Settlement of Investment Disputes (ICSID), an arm of
IFI governance
News
IMF names investment banker as Western Hemisphere department head
Former Mexican deputy finance minister Alejandro Werner is to head the IMF's Western Hemisphere department overseeing Latin America.
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”.
IFI governance
News
"Cosmetic" changes to IMF governance
The IMF is about to embark on a new round of negotiations over governance reform, but acrimony persists and already-agreed changes remain unimplemented.
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.