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PublicationsFourth Pillar Recommendations from Civil Society: Preliminary Summary of Principles, Issues and Recommendations
July 13, 2009
Fourth Pillar Recommendations from Civil Society: Preliminary Summary of Principles, Issues and Recommendations
This document responds to the Fourth Pillar request of the Managing Director to New Rules to prepare a summary of civil society recommendations on IMF Governance Reform. It is based on consultations with representatives of the many CSOs that are actively participating in the Fourth Pillar process (See: www.thefourthpillar.ning.com).
The discussion and recommendations included in this document primarily address short-term governance reforms, many of which are possible within the existing IMF Articles. Many CSOs believe significant additional reforms will be needed to transform the IMF into the institution the 21st Century financial system requires. Many of these issues—such as the coherence among international organizations (including the IMF) and international standards, as well as conditionality—will be discussed fully in the longer Fourth Pillar paper to be submitted to the IMF in early September, 2009.
The first section of this paper focuses on Transparency and Accountability; the second on Voice and Representation; and the third on specific reforms for the Executive Board and Management.
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