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Abstract
Clear and accurate summaries of the decisions and views of the Executive Board, which reflect a sufficiently broad range of views from across the membership, are a key element of sound IMF governance. Throughout the Fund’s history, various vehicles have been used to achieve these objectives. These have evolved over time, taking into account the nature of the issue under discussion, changes in Board practice, and the evolution in the Fund’s approach to transparency. This note describes the main instruments used, reviews their evolution, and assesses the adequacy of current practice from the standpoint of ensuring continuity, clarity, and accountability of Board deliberations. It concludes that, while the process seems to be working well on the whole, minority views are inconsistently reported, and consensus views and decisions are not clearly distinguished from those of groups of Directors.
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