Dormant IMF Fails to Heed Wake-Up Calls for Democratization (June 2008)

Rethinking Bretton Woods | Mon, Jun 9, 2008

By Aldo Caliari
Source: South Centre

The last spring meetings of the World Bank and the International Monetary Fund (IMF) brought to conclusion the debate on reforms of the governance of the IMF. Did the reforms really increase the voice and vote of developing countries ? Did they address the growing criticism to the legitimacy and democracy deficits at the IMF ? In an article appeared on issue 16 of South Bulletin, Aldo Caliari provides a critical assessment of the reforms.

Download this issue of South Bulletin by clicking here. (the article is in page 3)