Governance of the IMF: An Evaluation

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Again, to refer to President Obama's speech, what Africa needs is not more strong men, it needs more strong democratic institutions that will stand the test of time. Without good governance, no amount of oil or no amount of aid, no amount of effort can guarantee Nigeria's success. But with good governance, nothing can stop Nigeria.

It's the same message that I have carried in all of my meetings, including my meeting this afternoon with your president. The United States supports the seven-point agenda for reform that was outlined by President Yar'Adua. We believe that delivering on roads and on electricity and on education and all the other points of that agenda will demonstrate the kind of concrete progress that the people of Nigeria are waiting for.

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Researchers at the Overseas Development Institute have criticised past studies of good governance to place too little importance on developing political parties , their capacity and their ties to their grassroots supporters. Nayef Al-Rodhan , in his book Sustainable History and the Dignity of Man: A Philosophy of History and Civilisational Triumph , proposed eight minimum criteria for ensuring good national governance. In the book, he argues that good national governance is an important component in creating a history of sustainability for the human race. For Al-Rodhan, the eight minimal criteria of good governance are expressions of the fundamental values of democracy and more liberal constitutionalism.

This law outlined basic ethical ways in which research is to be carried out. The Department of Health, Education, and Welfare DHEW made regulations that required voluntary agreements for anyone who was to take part in their studies. Governance is used in scientific studies to ensure that policies are safe and ethical when studies are being done on human subjects.

After the National Research Act there have been other organization put in place such as the Ethics Advisory Board, which reviews biomedical research. In President Bill Clinton established the National Bioethics Advisory Commission led by the Department of Health and Human Services with the task of reviewing regulations and policies to ensure the safety of research volunteers. According to Sam Agere, "The discretionary space left by the lack of a clear well-defined scope for what governance encompasses allows users to choose and set their own parameters.

In the book Contesting 'good' governance , Eva Poluha and Mona Rosendahl contest standards that are common to western democracy as measures of "goodness" in government. Munshi's work was created in order to "revive" good governance. Many individuals tend to either wave away and be bored with the idea of governance, or not have a clue to what it has at all.

This book is a generalized discussion on what the purpose of good governance is and how it serves that purpose throughout our society. Munshi targets the book toward anyone doing research or just simply "those concerned with the issue of governance". Crozier, is another work analyzing good governance.


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Crozier's article discusses the different dynamics of changes that occur throughout communication systems and the effect it has on governance. This allows the reader to be able to see what contemporary governance is like from different viewpoints. Crozier's motive was to also create an open mindset when referring to how governance and policy within society operate, especially with the constant changes occurring day to day.

From Wikipedia, the free encyclopedia. Not to be confused with Good government. This article is written like a personal reflection, personal essay, or argumentative essay that states a Wikipedia editor's personal feelings or presents an original argument about a topic. Please help improve it by rewriting it in an encyclopedic style. January Learn how and when to remove this template message. Local Global.

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Governance, risk management and compliance. Environmental, social and corporate governance. This section relies largely or entirely on a single source. Relevant discussion may be found on the talk page. Please help improve this article by introducing citations to additional sources. January Want to Read Currently Reading Read.

The IMF’s psychodrama: The Independent Evaluation Office report | VOX, CEPR Policy Portal

Governance of the IMF Other editions. Error rating book.

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In , the IEO undertook an evaluation on the IMF governance and concluded that effectiveness had been the strongest aspect of IMF governance, while accountability and voice had been the weakest. Since then, IMF governance has been strengthened aided by quota and voice reforms to address misalignments in shares and chairs as well as numerous improvements in governance pr In , the IEO undertook an evaluation on the IMF governance and concluded that effectiveness had been the strongest aspect of IMF governance, while accountability and voice had been the weakest.

Since then, IMF governance has been strengthened aided by quota and voice reforms to address misalignments in shares and chairs as well as numerous improvements in governance procedures and practices.

The update finds that IMF governance has proven its effectiveness in supporting the Fund to fulfill its mandates, but concerns remain on voice and accountability. Challenges remain related to representation and voice, interaction between governance bodies, the selection process for management, and the role of the G20 in IMF governance. Cyrus Rustomjee. Cyrus Rustomjee Advisor. Rustomjee joined the IEO in January Reginald Darius. Reginald Darius Lead Evaluator. Darius joined the IEO in December He holds a Ph.

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Louellen Stedman. Louellen Stedman Lead Evaluator. Stedman joined the IEO in November She previously worked for over seventeen years at the U. Nicoletta Batini. Nicoletta Batini Senior Economist. Nicoletta Batini is an Italian economist, notable as a scholar of innovative monetary and fiscal policy practices. She pioneered work on the dangers of fiscal austerity and on how to curb debt successfully during financial deleveraging. She has handled extensive consultancy roles internationally. She holds a Ph. Anna and a Ph. Miguel de Las Casas. Miguel de Las Casas Senior Economist.

Jung Kim. Jung Kim Senior Economist. She also worked as an economist in the Bank of Korea and as a consultant at the World Bank. She received her Ph. Tamar Gutner. Tamar Gutner Fellow.

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Alisa Abrams. Alisa Abrams Economist.


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