Last Updated: April 24, 2008
Refocusing the IMF
Chinaware production in Sichuan, China. Dynamic emerging markets will now have a greater say in the IMF's decision making, thanks to recent reforms. (Reuters/Corbis)
The IMF has embarked on wide ranging reforms to modernize the way it is governed, its finances, and the way it carries out its mandate of promoting global economic stability and growth.
Opinion
Give the IMF's Dynamic New Quota Deal its Due
April 15, 2008
For sure, no country got all that it wanted; but every country got a stronger, more globally representative institution. For these reasons, the agreement should be given its due. 
Agustin Carstens, Minister of Finance, Mexico
U.S. Views on Quota and Voice Reform
April 14, 2008
The U.S. will also back the recent agreement on IMF quota and voice reform, which - though not as ambitious as we would have liked - represents an improvement on the status quo and a first step in recognizing the growing role of dynamic emerging market economies in the global system.
David H. McCormick, Under Secretary of International Affairs, U.S. Treasury
Experts Critique Quota and Voice Reform
April 14, 2008
These changes in shares and votes are much too modest to have major influence on how the IMF operates or the sense of legitimacy which it generates around the world.
Johannes F. Linn, Ralph C. Bryant, and I. Colin Bradford, Brookings Institution
How Europe Can Shape the Fund
Domenico Lombardi, President of the Oxford Institute for Economic Policy, and Jim O'Neill, Chief Global Economist and Head of Global Economic Research at Goldman Sachs
Overview and Strategy
IMF Managing Director on Approval of Reforms
April 12, 2008
Dominique Strauss-Kahn welcomed broad-based support from the IMF's membership on quota and voice reform and the new income model.
Governance Reform
IMFC Communiqué
April 12, 2008
The Committee welcomed the agreement on quota and voice reform and endorsed the IMF's new income model.
G-7 Communiqué
February 9, 2008
The G-7 reaffirmed the important role for the IMF in securing global financial stability and endorsed significant progress on IMF reform.
G-24 Communiqué
April 11, 2008
The G-24 welcomed the increase in the voting shares of emerging markets but underscored that the shift was still insufficient.
Article: Global governance needs a makeover
Podcast: Understanding how the IMF is governed
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Spotlight
Directors Back Quota and Voice Reform
March 28, 2008
A new resolution will lead to a significant shift in the representation of dynamic economies and give poorer countries a greater say in running the IMF.
Membership support for IMF reform
Issues Brief: Quota and voice reform
A New Income Model
New Framework for Income and Expenditure
Frequently asked questions: IMF's new income and expenditure framework
Factsheet: Where does the IMF get its money?
Plans to Sell Gold
April 8, 2008
The IMF will sell a limited portion of its gold to fund an endowment, a key element of the newly approved income framework.
Michael Kuhn on IMF Income
April 7, 2008
New income model to set IMF on firmer footing, says head of the IMF's Finance Department.
IMF Expenditure Cuts
December 7, 2007
Tackling the need for a new income model will involve significant reductions in budget expenditures and staff numbers.
Research and Publications
IMF Governance Reform: Less Better Than More
April 2008
Voices of the South on Globalization
Quota Reform: A Missed Opportunity
April 2008
Ralph C. Bryant, Brookings Institution
IMF Quotas in 2030
April 2008
Centre d'études prospectives et d'informations internationales
Asia's Interest in IMF reform
January 18, 2008
Ted Truman, Peterson Institute for International Economics
The Future of the IMF and the World Bank
January 2008
Raghuram Rajan, University of Chicago
Closing the Deal on Reform
November 2007
Lauren M. Philips, Overseas Development Institute
An Agenda for Reform of the IMF
November 2007
Jack Boorman, Former Advisor to the IMF's Managing Director
Double Majority Voting at the IMF
October 30, 2007
Peter Chowla, Bretton Woods Project