March 10, 2009

Back to the Future: The Reform of the Bretton Woods Institutions and the Harry White Method

Posted by Domenico Lombardi in Back to the Future: The Reform of the Bretton Woods Institutions and the Harry White Method Tags: British Treasury, Camille Gutt, good governance, Grand Bargain, Harry White, IMF, Lord Keynes, Pierre Mendes-France, U.S. Treasury, World Bank

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The term “good governance” has almost become a cliché. A Google search yields nearly 5.5 million entries. The IMF and the World Bank, while making good governance one of the key pillars in their operational strategy, and rightly so, have lagged behind in fully adopting those same principles when governing themselves. In an increasingly globalized world, where multilateral authority is measured by the yardsticks of legitimacy and accountability, these institutions can no longer put off a long-awaited reform.

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