Abstract

Numerous attempts have been made to improve the effectiveness of standing committees of the Executive Board, but considerable dissatisfaction remains with their performance, particularly among members of the Board itself. Interviews, survey data, previous reviews of the Fund’s Executive Board committee structure, principles of good corporate governance, and experience in other multilateral institutions all suggest that these committees could make a more effective contribution to the Fund’s internal governance. The paper analyzes the factors that undermine the committees’ effectiveness and provides recommendations on how to address them. These include measures to encourage executive directors to take stronger ownership of Board committees, changes to the overall committee structure, and improvements in work practices.