Challenges to the World Bank and IMF : Developing Country Perspectives

Front Matter -- Half Title -- Advance Reviews -- Title -- Copyright -- Table of Contents -- List of Contributors -- Foreword -- Main Matter -- Introduction, by Ariel Buira -- 1. Governance and key policy issues -- 2. Managing capital movements and preventing crises -- 3. Millennium Development Goals and the provision of global public goods -- Notes -- Chapter 1: The Governance of the IMF in a Global Economy, by Ariel Buira -- Abstract -- 1. Introduction -- 2. Votes and decision-making -- 3. Consensus and qualified majorities -- 4. Review of quota formulas -- 5. The size of the IMF -- 6. On reforming the governance of the IMF -- 7. Concluding remarks -- Appendix: Executive Directors and Voting Power -- Notes -- Bibliography -- Chapter 2: Who Pays for the IMF? by Aziz Ali Mohammed -- Abstract -- 1. Introduction -- 2. Cost of IMF lending through the General Resources Account (GRA) -- 3. The burden-sharing mechanism -- 4. Additional creditor contributions to burden-sharing -- 5. Rising cost of running the IMF -- 6. Gold and the GRA -- 7. Other proposals for improving burden-sharing in the GRA -- 8. Concessionary lending -- 9. Summary and conclusions? -- Notes -- Bibliography -- Chapter 3: An Analysis of IMF Conditionality, by Ariel Buira -- Abstract -- 1. Introduction -- 2. Some unresolved questions on conditionality -- 3. The nature and purposes of conditionality -- 4. The rise and fall of structural conditionality -- 5. Does conditionality safeguard Fund resources? -- 6. The new guidelines on conditionality -- 7. Adjustment and financing: a shifting balance -- 8. Excess demand and structural imbalances -- 9. Capital-account crises -- 10. Conclusion -- Appendix I: The Origins of Conditionality -- Appendix II: The Rise of Structural Conditionality -- Notes -- Bibliography.