Front Matter

Front Matter

International Monetary Fund
Published Date:
June 2009
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    The Role and Governance of the IMF: Further Reflections on Reform

    Panel Discussion

    Stanley Fischer, Trevor Manuel, Jean Pisani-Ferry, and Raghuram Rajan

    Per Jacobsson Foundation 2008

    ISSN 0252-3108

    Editor: Michael Harrup

    Composition: Alicia Etchebarne-Bourdin

    Cover design and production: IMF Multimedia Services Division

    The Per Jacobsson lectures are available on the Internet at, which also contains further information on the Foundation. Copies of the Per Jacobsson lectures may be acquired without charge from the Secretary.


    The second event organized by the Per Jacobsson Foundation in 2008 took place on Sunday, October 12, in the auditorium of the International Finance Corporation in Washington, D.C., in the context of the Annual Meetings of the International Monetary Fund and the World Bank. It was a panel discussion, “The Role and Governance of the IMF: Further Reflections on Reform.” The panelists were Stanley Fischer, Governor of the Bank of Israel; Trevor Manuel, Finance Minister of South Africa; Jean Pisani-Ferry, Director of the think tank Bruegel in Brussels; and Raghuram Rajan, Professor of Finance at the University of Chicago Graduate School of Business. The discussion was moderated by Andrew Crockett, Chairman of the Board of Directors of the Foundation.

    The Per Jacobsson Foundation organizes lectures or panel discussions annually on the occasion of the IMF–World Bank Annual Meetings. From time to time—usually every two years—an additional event is organized in conjunction with the Bank for International Settlements and held in the context of its Annual General Meeting in Switzerland.

    The Per Jacobsson Foundation was established in 1964 to commemorate the work of Per Jacobsson, the third Managing Director of the IMF (1956–63) and prior to that, the head of the Monetary and Economic Department of the Bank for International Settlements (1931–56). The main purposes of the Foundation are to foster and stimulate discussion of international monetary problems, to support basic research in this field, and to disseminate the results of these activities.

    Further information about the Per Jacobsson Foundation may be obtained from the Foundation’s website,, or from the Secretary, Per Jacobsson Foundation, IMF, 700 19th Street, NW, Washington, DC 20431, or at

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