Accountability Of The International Monetary Fund (Voices in - download pdf or read online

By Barry Carin, Angela Wood

ISBN-10: 0754645231

ISBN-13: 9780754645238

ISBN-10: 1552501752

ISBN-13: 9781552501757

Brings jointly prime specialists from worldwide to extra the controversy at the quite a few dimesions of responsibility of IMF to its quite a few sharholders and stakeholders. Having totally explored how the idea of responsibility might be pragmatically utilized it then assessments a number of substitute appriaches and makes a few techniques.

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Additional resources for Accountability Of The International Monetary Fund (Voices in Development Management)

Example text

In practice, however, the current impossibility of performance engendered by a two-seat SSA representation in the board would be ameliorated. ameliorate one aspect of the challenge confronting SSA members: the impossibility of adequate performance given the large number of member countries represented in each of the two current constituencies, the large number of programme, off-track, post-conflict and arrears cases within them, as well as the challenge of representing a very large share of HIPC members.

The suggested options are in most instances not mutually exclusive. All options would require broad political consensus among the membership. Because of the zero-sum nature of aggregate voting power, most options, though not all, necessarily imply that there would be some losers and some winners. Similarly, in addressing the imbalance in representation based on the current distribution of board seats, most scenarios imply that there are likely to be some winners and some losers. A. Dialogue Option 1: Establish a committee of the Executive Board Directors could examine the key issues and report to the Board of Governors.

To achieve a reasonable measure of consensus in the board, these members would need to persuade not much more than four or five Executive Directors of their view and, if they comprise the largest creditors and if consensus were to be put beyond challenge, they would need few if any additional votes to achieve a simple majority. 31 A fourth consequence of the absence of effective representation for SSA members has been to contribute to progressively reducing member programme ownership, thereby undermining domestic commitment to reform.

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Accountability Of The International Monetary Fund (Voices in Development Management) by Barry Carin, Angela Wood

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