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International Monetary Fund

Abstract

L'auteur, cadre de haut niveau au FMI pendant 20 ans, s'intéresse d'abord au système des quotes-parts et des votes au sein du FMI et conclut à la nécessité de réformes visant à renforcer l'équité parmi les pays membres. Il aborde ensuite le processus décisionnel au sein du conseil d'administration, en rappelant le principe de décision consensuelle au sein d'une institution favorisant la coopération, et la surveillance politique du système monétaire international par le comité intérimaire et son successeur, le comité monétaire et financier international. Dans ce contexte, l'auteur traite également des incidences des décisions du FMI sur les activités des groupes de pays membres, et des intérêts divergents des principales parties. Il rappelle ensuite les caractéristiques marquantes des crises financières des années 90 et analyse leurs implications pour la gouvernance du FMI. Le document termine sur une évaluation de la gouvernance du FMI.

International Monetary Fund. External Relations Dept.
On November 17, Timothy Geithner took over as head of the Federal Reserve Bank of New York after serving for two years as Director of the IMF’s Policy Development and Review Department. Before that, he worked from 1988 to 2001 in the U.S. Treasury, including as Under Secretary for International Affairs. He spoke with Laura Wallace about the IMF’s strengths and weaknesses, and lessons on managing and resolving crises.
International Monetary Fund

Abstract

El autor -quien ocupó un alto cargo en el FMI durante dos décadas- en primer lugar centra la atención en el sistema de cuotas y la distribución del poder de voto en el FMI y concluye que se requieren reformas para lograr una mayor equidad entre los países miembros. Seguidamente examina cómo se toman las decisiones en el Directorio Ejecutivo, con énfasis en la formación de consenso en una institución basada en la cooperación, y el historial de supervisión política del sistema monetario internacional a través del Comité Provisional y su sucesor, el Comité Monetario y Financiero Internacional. En ese contexto, el autor también aborda el impacto que tienen en las decisiones que toma el FMI las actividades de los grupos de países miembros, así como los intereses divergentes de los principales accionistas. Posteriormente señala las características distintivas de las crisis financieras de la década de 1990 y examina cómo repercuten en la estructura de gobierno del FMI. El ensayo concluye con una evaluación de la estructura de gobierno del FMI.

International Monetary Fund

Abstract

The author-a top decision maker at the IMF for two decades-first focuses on the system of quotas and voting power in the IMF and concludes that it calls for reforms to enhance equity among the membership. He then examines decision making in the Executive Board, with an emphasis on consensus building in a cooperative institution, and the record of political oversight of the international monetary system through the Interim Committee and its successor, the International Monetary and Financial Committee. In that context, the author also comments on the impact on IMF decision making of the activities of groups of members, and of the differing interests of major shareholders. Thereafter, he recalls the distinctive features of the financial crises of the 1990s and examines their evolving implications for IMF governance. The essay concludes with an appraisal of IMF governance.

International Monetary Fund. External Relations Dept.
Following a series of international donor meetings aimed at helping Afghanistan stabilize and rebuild its economy, the IMF sent a mission to Kabul for four days in late January. The team was led by Paul Chabrier, Director of the IMF’s Middle Eastern Department. He speaks here about the country’s immediate needs and the IMF’s role.

Abstract

This volume, edited by Michel A. Dessart and Roland E. Ubogu, records the presentations made and discussions held during the Inaugural Seminar of the Joint Africa Institute (JAI). The JAI was established in Abidjan, Côte d'Ivoire, by the African Development Bank, the IMF, and the World Bank to meet the pressing training needs of the African continent. The participants discussed four main topics: the changing role of the state, governance, and new capacity requirements; the challenge of achieving macroeconomic stability in Africa; the requirement for capacity building in Africa; and the role of international financial institutions in capacity building in Africa. The seminar was held in November 1999, but the topics and recommendations of the seminar remain current and of particular importance today. The seminar was held in English and French, and both language versions are contained in this volume. 240 pp. 2001

Mr. Thomas C. Dawson and Miss Gita Bhatt
In the space of just a few years, the term “civil society” has entered the international policy vocabulary in many contexts. The IMF’s engagement with civil society organizations (CSOs) raises several broad questions: Which CSOs have been, and should be, engaged by the Fund? What questions should IMF-CSO engagement address? What are the limits to the dialogue? This paper examines the evolution of IMF-civil society relations and their effects on the Fund. It also seeks to identify the tensions that underlie the relationship.
International Monetary Fund. External Relations Dept.
The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx
Michel Camdessus

Abstract

During his tenure as Managing Director of the IMF, and in his interactions with civil society, Michel Camdessus was asked many questions related to the IMF's role in development. This pamphlet collects questions frequently asked by civil society around the world and the responses given by Mr. Camdessus that help to clarify the IMF position on human development.