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02 Apr 2009

Reforming global governance: How to make the IMF more independent

Ulrich Klüh / Daniel Gros / Beatrice Weder di Mauro

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The world needs a watchdog institution for global economic stability. Most agree that the IMF is the only serious candidate, but IMF management and staff need more independence. This column argues that this could be achieved by having separate Executive Board voting procedures for lending and analytic decisions, and some independent members on the Board.