Governance of the Bretton Woods Sisters: Making Progress on the Agenda*

March 4, 2009

Posted by Edwin Truman in Governance of the Bretton Woods Sisters: Making Progress on the Agenda Tags: Articles of Agreement, Climate Change, EU Trade, Executive Board Representation, Global Economy, IMF, IMFC, NGOs, Quota Formula, Reform Management, Special Majorities, World Bank

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The International Monetary Fund (IMF) and the World Bank are intergovernmental institutions. They are political in every sense of that word, from their structure to their culture. They are owned and directed by their member governments. Governments are political by construction. Consequently, we in the private sector—in think tanks, in non-governmental organizations, or as private citizens—often are frustrated because these institutions are, and should be, principally responsible to governments and only through them to us, the interested and concerned general public, even in cases where the responsiveness of member governments leaves a great deal to be desired. Read More…

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  Peterson Institute for International Economics

  
  

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  University College, Oxford

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