2 Governance of the International Monetary Fund
Author:
Ruben Lamdany
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Leonardo Martinez-Diaz
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Language:
English
Print Publication Date:
27 Jul 2009
Keywords:
IEOR; IEO; committee; IMF Executive Board; Board committee; governance; managing director; Board discussion; Board audit committee; IMF staff surveillance mission; IMF governance; Auditing; International monetary system; Corporate governance; External audit; Financial audit; Global; Europe; Africa; Eastern Europe; East Asia; governance structure; bank executive board; Fund policy; Fund's constitution; committee's role

Abstract

This paper describes the governance structure and practices of the International Monetary Fund as they relate to decision making, and chronicles the main changes in the structure since its founding. It outlines the distinguishing features of the three main decision-making organs (Board of Governors (and its advisory committees), Executive Board, and Management (including Managing Director, Deputies, and the staff of the Fund)) as established by the Fund’s Articles of Agreement. It also discusses whether the present governance structure accords with the Articles and good standards of corporate governance.

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Cover Studies of IMF Governance
Studies of IMF Governance
A Compendium
ISBN:
9781589068636
ISSN:
2617-670X
Publication Date:
27 Jul 2009
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589068636.017
Pages:
378