Governance of the IMF : an evaluation : evaluation report

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Bibliographic Information

Governance of the IMF : an evaluation : evaluation report

[prepared by an IEO team headed by Ruben Lamdany]

Independent Evaluation Office of the International Monetary Fund, 2008

Other Title

Governance of the International Monetary Fund

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Note

"This is the typeset version of the paper that was presented to the IMF's Executive Board with the title "Aspects of IMF corporate governance - including the role of the Executive Board""--T.p. verso

Includes bibliographical references (p. 31-32)

Contents of the CD-ROM: Main report (Arabic, Chinese, English, French, Japanese, Portuguese, Russian, and Spanish). Statements and comments from IMF management and staff and the External Audit Committee (English, French, and Spanish). Joint statement by the Executive Board and the IMF managing director (English, French, and Spanish). Background documents (English)

Description and Table of Contents

Description

The report assesses the quality of the Fund's governance from the standpoint of its efficiency, effectiveness, accountability, and voice - the extent to which all stakeholders are able to have their concerns considered in the decision-making process. It focuses on three major elements of the IMF's governance structure - the International Monetary and Financial Committee, the Executive Board, and the Fund's management. It finds that effectiveness has been the strongest aspect of Fund governance, while accountability and voice have been the weakest. If left unaddressed, these weaknesses would likely undermine effectiveness over time. The evaluation suggests a number of ways to address the main areas in need of reform.

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