RESEARCH AND COMMENTARY
Lex Rieffel, November 12, 2008, The Globalist
As G-20 leaders prepare to meet, many have called for a “Bretton Woods II” as the next step toward preventing future financial meltdowns. Lex Rieffel argues that this proposal is problematic because it lumps the World Bank with the IMF and argues for a strengthened IMF. Read More
RESEARCH AND COMMENTARY
Eswar Prasad, October 30, 2008, The Financial Times
During this time of global financial crisis, Eswar Prasad argues that it is time for the IMF to enhance its relevancy through radical change and proposes two new ideas on how to fix the Fund. Read More
RESEARCH AND COMMENTARY
October 2008, The Brookings Institution
As President-Elect Obama prepares to lead the United States, what are the top global economic challenges facing the new president and his advisors and how should the new administration address them? A new report by Brookings global economic and development experts ranks the top 10 issues and details specific ideas for how to tackle the toughest challenges. Read More
PAST EVENT
Friday, October 10, 2008
9:30 AM to 11:30 AM
Washington, DC
What’s next for the global financial markets? Brookings hosted a discussion on the global implications of the U.S. financial crisis, featuring the Honorable Wayne Swan, MP, Treasurer of the Commonwealth of Australia, and projections by Brookings experts on the future of emerging and financial markets. Read More
RESEARCH AND COMMENTARY
Colin I. Bradford and Johannes F. Linn, October 09, 2008, The Brookings Institution
In advance of the G8 finance ministers meeting and the annual meetings of the IMF and World Bank, Colin Bradford and Johannes Linn stress the need for financial leaders to seek a more vigorous role for the IMF in the global financial crisis and urge leaders to create a new agency to help deal with the urgent challenges if the IMF cannot take the leading role. Read More
RESEARCH AND COMMENTARY
Lex Rieffel, October 2008, The Brookings Institution
In advance of the annual meetings of the World Bank and the IMF in Washington, Lex Rieffel asserts that both institutions, which were created in 1944 to be at the center of a sound and dynamic international financial system, have overlapping responsibilities and antiquated governance structures that have undermined their legitimacy. In this policy brief, Rieffel offers steps to visibly differentiate the two institutions and improve their effectiveness, including moving the headquarters of the World Bank to Europe. Read More
RESEARCH AND COMMENTARY
Domenico Lombardi, October 2008, The Brookings Institution
In advance of the upcoming World Bank/IMF Annual Meetings, Domenico Lombardi argues in a new report, published by a group of organizations focused on global governance, that the IMF’s governance structure and operational approach must be reformed in order to restore the effectiveness and legitimacy of the Fund. Read More
RESEARCH AND COMMENTARY
Domenico Lombardi, October 2008, The Brookings Institution
In advance of the upcoming World Bank/IMF Annual Meetings, Domenico Lombardi argues in a new report, published by a group of organizations focused on global governance, that the IMF’s governance structure and operational approach must be reformed in order to restore the effectiveness and legitimacy of the Fund. Read More
RESEARCH AND COMMENTARY
Lex Rieffel, September 2008, The Brookings Institution
Sixty years following the creation of the IMF and the World Bank, the nature of global financial, emerging markets and poverty aid has changed dramatically. Lex Rieffel argues that if the institutions were to be created today they would be structured differently and located outside of Washington. His case and recommendations for reform are contained in a new working paper. Read More
RESEARCH AND COMMENTARY
Domenico Lombardi, July 16, 2008, IMF Executive Board
The International Monetary Fund (IMF) conducts regular surveillance with members on economic policies. In a speech to the IMF’s Executive Board, Domenico Lombardi and Ngaire Woods discuss the effectiveness of the Fund’s surveillance efforts and offers recommendations for potential improvement that would aid internationally monetary cooperation. Read More
PAST EVENT
Monday, June 02, 2008
9:00 AM to 5:00 PM
Washington, DC
Against the background of the disappointing “mini-reform” agreed to at the recent IMF Spring Meetings, a full-day private workshop hosted along with the Friedrich Ebert Foundation (FES) and New Rules for Global Finance Coalition, looked at new ideas and proposals to transform the Fund into a reinvigorated, responsive and responsible player. Read More
RESEARCH AND COMMENTARY
Leonardo Martinez-Diaz, May 2008, IEO Background Paper: Independent Evaluation Office of the International Monetary Fund
For several months the restructuring of the International Monetary Fund has been the center of many global governance discussions. Leonardo Martinez-Diaz examines ways to strengthen the IMF’s Executive Board in its various functions. Read More
RESEARCH AND COMMENTARY
William Easterly, May 28, 2008, The Financial Times
The recent report by the Growth Commission addresses critical questions about how developing countries might achieve and sustain high growth rates. In a recent op-ed, Visiting Fellow Bill Easterly discusses why the report represents the final collapse of the “development expert” paradigm while outlining reasons why there is still hope for development. Read More
RESEARCH AND COMMENTARY
Johannes F. Linn, May 27, 2008, The Brookings Institution
Today, half of the world’s population lives in urban areas. As the global population continues to increase in the next 20 years, cities of developing countries will face the greatest population growth. Following the findings from the Commission on Growth and Development’s recent report, Johannes Linn provides practical recommendations so that governments, aid agencies, and academia can develop specific policies to help developing countries meet the challenges and opportunities of urbanization. Read More