Governance of the IMF : Decision Making, Institutional Oversight, Transparency, and Accountability

After the World War II , in addition to the stablishment of the United Nations, the global political organization, they invovled the creation of the International Monetary Fund (IMF)., the International Bank for Reconstruction and Development (World Bank), and the General Agreeements on Tariffs and Trade, of the WTO. They became the key institutions in the financial, developmetnal and trade fields. Today, nearly six decades later, the world's trade and financial systems have been fundamentally transformed with the pervasive postwar controls abandoned in favor of a system closer to one of globalized free markets.
As global integration progresses, there will be a growing need for regional and international cooperation and for institutions to ensure the availability of public goods and services. A key issue is whether the mandates of the exisiting organizations remain relevant, and their legitimacy and governance structure are adequate to serve the needs of the global community in the early twenty-first century.
This pamphlet is intended to provide an overview of the major aspects of governance of the International Monetary Fund.