Report Makes Recommendations on IMF Accountability, IMF Listening
The New Rules for Global Finance Coalition today released a new report by a High-Level Panel on IMF Board Accountability. The Panel asserts that “a well-functioning global financial system requires a global institution with the mandate of the IMF that is responsive to its membership, and accountable through its shareholders to the global community.” However, the Panel expressed concern that the Fund’s current “weakness in accountability undermines the legitimacy and effectiveness of the Fund.” April 10, 2007.