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Bringing Balance to the IMF Reform Debate

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  • Domenico Lombardi

Abstract

This paper summarises the outcome of formal discussions among scholars, former policymakers and senior officials of International Monetary Fund (IMF) member countries that took place in 2007–08 regarding the future of the IMF and how its responsiveness to member countries might be improved. It relates member countries’ concerns about ownership and conditionality in IMF programmes; emphasizes the usefulness of IMF surveillance and considers its limitations; highlights opportunities for the IMF to better interact with regional financial organisations; and investigates how the IMF might address problems of representation and accountability. The concluding section summarises the policy recommendations arising from the consultations.

Suggested Citation

  • Domenico Lombardi, 2008. "Bringing Balance to the IMF Reform Debate," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 9(4), pages 13-26, October.
    • Handle: RePEc:wej:wldecn:352
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    File URL: https://www.worldeconomics.com/Journal/Papers/Article.details?ID=352
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