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Author: Inter-Secretariat Working Group on National Accounts
Publisher: International Monetary Fund
ISBN: 1498332374
Category : Business & Economics
Languages : en
Pages : 25
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Book Description
On July 5, the Executive Board had an informal discussion of reforms of quotas and voice as part of the process of formulating reform proposals for the Annual Meetings in Singapore. That discussion confirmed the importance attached by the membership to reaching agreement on a package of quota and voice reforms in Singapore for the Fund’s continued credibility and effectiveness. The discussion also revealed broad support for a reform package along the lines suggested in the staff paper. The support for quota and voice reform across a broad spectrum of the membership indicates that these reforms are not seen as a zero sum game, but rather as change that will strengthen the Fund and from which all members will benefit.
Author: Inter-Secretariat Working Group on National Accounts
Publisher: International Monetary Fund
ISBN: 1498332374
Category : Business & Economics
Languages : en
Pages : 25
Get Book Here
Book Description
On July 5, the Executive Board had an informal discussion of reforms of quotas and voice as part of the process of formulating reform proposals for the Annual Meetings in Singapore. That discussion confirmed the importance attached by the membership to reaching agreement on a package of quota and voice reforms in Singapore for the Fund’s continued credibility and effectiveness. The discussion also revealed broad support for a reform package along the lines suggested in the staff paper. The support for quota and voice reform across a broad spectrum of the membership indicates that these reforms are not seen as a zero sum game, but rather as change that will strengthen the Fund and from which all members will benefit.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498333338
Category : Business & Economics
Languages : en
Pages : 111
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Book Description
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Author: Inter-Secretariat Working Group on National Accounts
Publisher: International Monetary Fund
ISBN: 1498332552
Category : Business & Economics
Languages : en
Pages : 23
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Book Description
There is now widespread recognition that addressing quota and voice imbalances across the membership is essential for preserving the effectiveness of the Fund and its credibility as a cooperative institution. As noted in the Managing Director’s Report on Implementing the Medium-Term Strategy,2 members’ quotas have become increasingly out of line with countries’ economic weight in the global economy. In addition, the declining role of basic votes since the Fund was established has weakened the voice of smaller developing countries.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498334792
Category : Business & Economics
Languages : en
Pages : 24
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Book Description
This report sets out a proposal for a second-round package of reforms consistent with the framework agreed in the Singapore Resolution and, to that end, recommends that the Board of Governors approve the resolution that is appended to this Report (the "Resolution").
Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 1498335659
Category : Business & Economics
Languages : en
Pages : 97
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Book Description
In its April 2009 Communiqué, the IMFC called for a prompt start to the Fourteenth General Review of Quotas so that it is completed by January 2011--some two years ahead of schedule. The IMFC noted that the review is expected to result in increases in the quota shares of dynamic economies, particularly in the share of emerging market and developing countries as a whole. The IMFC also looked forward to further work by the Executive Board on elements of the new quota formula that can be improved before the formula is used again, and noted that this work should start before the 2009 Annual Meetings.
Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 1498336590
Category : Business & Economics
Languages : en
Pages : 63
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Book Description
This paper sets out, and seeks to make operational, a core package for the consideration of the Executive Board and, subsequently, the Board of Governors. The reforms would lead to a major overhaul of the Fund’s quotas and governance, strengthening the Fund’s legitimacy and effectiveness. The paper proposes completion of the 14th General Review of Quotas with a doubling of quotas and a major realignment of quota shares among members. It also covers proposals that would lead to a more representative, all-elected Executive Board.
Author: Ayse Kaya
Publisher: Cambridge University Press
ISBN: 1107120942
Category : Business & Economics
Languages : en
Pages : 299
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Book Description
Ayse Kaya analyses the relationship between states' economic power and their political power in key multilateral economic institutions.
Author: International Monetary Fund. Strategy, Policy, & Review Department
Publisher: International Monetary Fund
ISBN: 1498337767
Category : Business & Economics
Languages : en
Pages : 150
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Book Description
This note provides operational guidance and background information on the use of Fund resources for budgetary financing. It does this in the context of concerns expressed by some Executive Board Directors that, by providing such financing, the Fund might be held accountable for the quality of budgetary spending; that repayment could be subject to country budgetary processes; and that budget financing is the role of other institutions.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498335349
Category : Business & Economics
Languages : en
Pages : 5
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Book Description
This paper responds to the request in the April 2009 IMFC communiqué for the Executive Board to report on governance reform. The current crisis has shown that the Fund’s decision-making structures can deliver the kind of innovative and rapid responses the membership needs and expects. Even so, there is an undercurrent of doubt about the future, reflecting the perception that much of the recent responsiveness has been driven by outside forces (e.g., the G-20) and that, once the crisis fades, old dissatisfactions with vote, voice and process will resurface to undermine the political backing that has been key to the Fund’s renewal. Hence, the IMFC’s interest in reforms to underpin the institution’s legitimacy and effectiveness is important and timely. This report focuses on five areas: fair quota share; high-level engagement; effective decision-making and representation at the Executive Board; open selection of management (and, more broadly, staff diversity); and updating of the Fund’s mandate.
Author: International Monetary Fund. External Relations Dept.
Publisher: International Monetary Fund
ISBN: 1451967667
Category : Business & Economics
Languages : en
Pages : 20
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Book Description
IMF-World Bank Spring Meetings, Ministers Resolve to Counter Slowdown, Combat Food Hikes, Credit Crisis is Broadening, World Economic Outlook, IMFC Communiqué, Quota and Voice Reform, IMF's New Income Model, Best Practices for Sovereign Funds, Managing Housing Sector Cycles, Commodity Price Boom, African Economic Outlook, Asian Economic Outlook, LATAM Economic Outlook, News Briefs.
