Reforming the IMF: some organizational and operational issues

Abstract

While financial crises during the 1990s have started a lively debate on IMF policies toward member countries, reform of the Fund's organisational structure and operations have been largely ignored. Improved organisation and operations would increase IMF efficiency and membership participation, which would in turn increase IMF effectiveness in enhancing global economic conditions. In this paper, a number of such issues--quotas, voting structure and decision making; executive board and ministerial committees; management structure and staff; political dimensions, transparency andcredibility--are assessed. JEL Codes: E02, F33

Keywords

• IMF
• global economic conditions
• financial crises