About New Rules
PublicationsKey Findings and Recommendations of the High-Level Panel on IMF Board Accountability
April 10, 2007
In light of the many calls for the reform of the International Monetary Fund, the New Rules for Global Finance Coalition convened a panel with diverse backgrounds to assess how the governance and performance of the IMF could be improved.
The members of the Panel share three fundamental characteristics. First, they share a strong commitment to the principle of accountability. Second, they are committed to a rules-based global financial system that functions for the benefit of all the Fund’s members. Third, they are highly knowledgeable about the Fund; some have worked in the Fund as senior staff of Executive Directors at some point in their careers.
The Panel focused its recommendations on steps that were both feasible in the short-term and promised to contribute to significant change in the accountability of the IMF over the long-term. For this reason, the Panel chose to give priority to those recommendations that would be consistent with the current legal framework of the Fund, that is, without the need for amendments to the Articles of Agreement.
Key Findings and Recommendations of the High-Level Panel on IMF Board Accountability
Learn more about the High-Level Panel on IMF Board Accountability