Executive Board Progress Report to the IMFC on the Reform of Fund Governance

Policy Papers, April 21, 2010

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Executive Board Progress Report to the IMFC on the Reform of Fund Governance

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Bibliographic details

• Published: April 21, 2010
• Series: Policy Papers
• Stock No: ISBN

Reform package: scope and rationale

• Comprehensive reform of Fund governance is described as essential to enhancing the Fund’s long-term legitimacy and effectiveness.
• Reform elements listed:
  • quotas,
  • ministerial engagement and oversight,
  • the size and composition of the Executive Board,
  • voting rules,
  • management selection,
  • staff diversity.
• Linkages and trade-offs among elements imply most reforms will need to be decided as a package, although some elements could be taken up sooner.

Summary of main message

• The report emphasizes that a comprehensive package is required rather than isolated changes, because of interactions across quotas, Board composition, voting, management selection, and staff recruitment.
• Sequencing note: elements are being discussed sequentially, but packaging is necessary for coherent outcomes.

Publication and access details

• Title: Executive Board Progress Report to the IMFC on the Reform of Fund Governance
• Date: April 21, 2010
• Format availability: Download PDF (landing page indicates a PDF is available)
• Related IMF services mentioned:
  • IMF eLibrary offers over 25,000 IMF publications in multiple formats.
  • IMF Publications Newsletter: Latest economic research and insights delivered to your inbox each month.

Subjects and topical tags (as listed)

• Elected Executive Directors
• Executive Board composition
• Executive Board size
• Fund
• General Reviews of Quotas
• Governance
• International Monetary and Financial Committee
• Lapse of time approval
• Quotas
• Staff recruitment

Source: Executive Board Progress Report to the IMFC on the Reform of Fund Governance (April 21, 2010).

Content in this bundle

• Executive Board Progress Report to the IMFC: The Reform of Fund Governance, April 21, 2010
  • Executive Board Progress Report to the IMFC: The Reform of Fund Governance, April 21, 2010 (Markdown version)
  • Executive Board Progress Report to the IMFC: The Reform of Fund Governance, April 21, 2010 (PDF)