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Bill Carman

ID: 73453
Added: 2005-04-25 13:01
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ACCOUNTABILITY OF THE INTERNATIONAL MONETARY FUND
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1-55250-175-2.jpg ACCOUNTABILITY OF THE INTERNATIONAL MONETARY FUND

Edited by Barry Carin and Angela Wood

Ashgate/IDRC 2005
ISBN 1-55250-175-2
140 pp.

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Accountability is a hot button issue in discussions of IMF reform. Unfortunately, it is a topic where analysis is all too often colored by value judgments. Discussions are never judgement free, but contributors to this collection lay their values squarely on the table for all to see. This makes the present volume the best single starting point I know for discussions of this important question.

Barry Eichengreen (George C. Pardee and Helen N. Pardee Professor, University of California, Berkeley, USA)
 
Recent years have seen calls for increased accountability in the International Monetary Fund (IMF). The IMF has recently taken some modest steps in the areas of evaluation and audit, but the organization is generally perceived to be lacking in its adaptation to the new policy and governance frameworks demanded by increasing globalization. In relations across the Executive Board, IMF staff, the governments it serves, and civil society, the Fund has avoided its proper share of responsibility for failed policy prescriptions and has little incentive to adapt or improve its operations.
 
This volume brings together leading experts from North America, Europe, Africa, and Southeast Asia to further the debate on the various dimensions of accountability of the IMF to its various shareholders and stakeholders. Having fully explored how the notion of accountability can be pragmatically applied to the IMF, it then tests various alternative approaches and puts forward recommendations for more effective and accountable future practice.

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 Document(s)

Preface 2005


Introduction Angela Wood 2005


Chapter 1 - Improving Southern Voice on the IMF Board: Quo Vadis Shareholders? Cyrus Rustomjee 2005


Chapter 2 - Democratizing the IMF Andrew Eggers, Ann Florini, and Ngaire Woods 2005


Note 1 - Experiences with the Parliamentary Network on the World Bank: A View from the Inside Norbert Mao 2005


Note 2 - Bringing More Voices into the Policy Debate Goh Chien Yen 2005


Chapter 3 - Power without Responsibility? Enhancing Learning and Policy Accountability at the International Monetary Fund Angela Wood 2005


Chapter 4 - Operational Policies and Procedures and an Ombudsman Daniel D. Bradlow 2005


Note 3 - Tighter IMF Accountability? Some Dangers Robert Hunter Wade 2005


Conclusion 2005




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