Voting rights

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.

6 December 2012

Accountability

Background

World Bank corporate scorecard

Every six months the World Bank issues a corporate scorecard, which is submitted each Autumn to the Bank's annual meetings. The scorecard is supposed to "provide a snapshot of the Bank's overall performance, including its business modernisation, in the context of development results." It is compiled by Bank staff to "facilitat[e] strategic dialogue between management and the board on progress made and areas that need attention."

6 December 2012 | Inside the institutions

Accountability

News

Kim's World Bank strategy: real change or "PR exercise"?

The World Bank's new president Jim Yong Kim set out his vision for the institution at the Bank's annual meetings in mid October, but his desire to build a 'solutions' bank and end absolute poverty comes with few details or big changes at the Bank. Next year's replenishment of the International Development Association (IDA) will put Kim's vision to the test.

6 December 2012

Accountability

News

Bretton Woods Project submission to IEO evaluation

We are very pleased to see the IEO continue its excellent work reaching out to stakeholders, external parties and shareholders, while both considering its work programme and conducting evaluations. This is a vital component of the IEO’s approach that ensures well-informed and well-considered analysis.

30 October 2012 | Letters

IFI governance

News

IMF lending in Europe unprecedented, programmes failing

The contradictions revealed by IMF involvement in eurozone bailouts, identified in your article ("Less Cash, More Impact", The Economist, October 5th), reflect a crisis of legitimacy at the Fund.

18 October 2012 | Letters

IFI governance

News

World Bank-IMF annual meetings 2012

Analysis, news, and about the events inside and around the World Bank/IMF annual meetings 2012. This page is being updated regularly.

16 October 2012

IFI governance

News

Chinese investment banker takes post as head of IFC

Chinese national Jin-Yong Cai will become the International Finance Corporation's (IFC, the World Bank's private sector arm) executive vice president and chief executive officer, it was announced in August.

3 October 2012

IFI governance

Background

World Bank lending facilities

The World Bank's investment lending (ILs) have been joined in recent years by new lending instruments, whilst IL itself faces an overhaul, as the Bank's operational policies come under review and pilots for the use of 'country systems' mature. The Bank is presently using four lending instruments: investment lending, development policy lending (DPL), Program-for-Results, and the World Bank guarantee program.

3 October 2012 | Inside the institutions

IFI governance

News

Indian takes chief economist job at Bank

In early September the World Bank announced the appointment of Kaushik Basu of India as its next chief economist from the beginning of October.

2 October 2012

IFI governance

News

US blocks IMF governance reform

An IMF governance reform deal agreed in November 2010 has been stalled by US Congress' failure to grant it approval.

2 October 2012