Policy Papers

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

April 21, 2010

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Format: Chicago

Executive Board Progress Report to the IMFC on the Reform of Fund Governance, (USA: International Monetary Fund, 0) accessed November 8, 2024

Summary

Reform package. Comprehensive reform of Fund governance—encompassing quotas, ministerial engagement and oversight, the size and composition of the Executive Board, voting rules, management selection, and staff diversity—is essential to enhancing the Fund’s long-term legitimacy and effectiveness. Although the elements of such a reform are being discussed sequentially, and some could be taken up sooner, most will need to be decided as a package, given the linkages and trade-offs.

Subject: 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

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