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Press Releases

Lagarde next IMF Managing Director

11:20 a.m.

June 28, 2011

New Rules for Global Finance welcomes Ms. Christine Lagarde as the new Managing Director of the IMF and look forward to constructive engagement with her and the IMF.

We regret the process was not the open and inclusive process we called for. 

We anticipate that Ms Lagarde will continue the reforms her predecessor began in terms of openness to alternative ways of approaching problems and diversifying the background of staff. 

We encourage her to be inclusive in her conversations with Parliaments and civil society. 

She should require that all IMF policies anticipate the likely impact on people and the environment and modify those policies accordingly. 

Above all the new Managing Director must accelerate the pathetically slow baby-steps of governance reform at the IMF.

   

Financial Accountability and Corporate Transparency Campaign Launch

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Open Letter to IMF Governors

Dear Governors: In your capacity as the final decision-makers within the International Monetary Fund, we ask for your support of key governance reforms of the institution. We recognize the significant role that the IMF has played in seeking to redress the recent international financial crisis and the institution’s efforts to upgrade the lending framework, simplify conditionality and strengthen its role in crisis prevention and in support of low-income countries, while there is still more progress to be made in these areas. September 28, 2010

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:IMF Governance
   

Press Release: New Rules for Global Finance Launches Cutting-Edge Blog

New Rules for Global Finance, a civil society organization that promotes stable global financial systems that reduce poverty and inequality, has launched an interactive weblog as part of a complete website redesign. The blog offers clear analysis with an ethical conclusion on issues related to the financial crisis - how we got into this mess and how we can resolve it with equity. Whether they agree with the substance or not, readers will enjoy quality writing and argumentation. August 19, 2010

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New Rules for Global Finance Launches New Website

New Rules for Global Finance is pleased to announce the launch of its new website as a vital communication tool for its members and those concerned about global financial governance. Visitors will find an improved website which offers such advances as an integrated blog and user-friendly layout. August 9, 2010

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G-20 Must Demand IMF Management Reforms

The leaders of G-20 nations meeting in Pittsburgh this week must urge that the International Monetary Fund (IMF) undertake reforms of its management structures and processes sooner, rather than later, according to a leading advocacy group, New Rules for Global Finance. Reforms should make the IMF's governance and policies better -- not just bigger -- that is, more inclusive, accountable and transparent, which will in turn produce changes that can result in improved outcomes for poor countries and poor people. September 21, 2009

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:4th Pillar, FSB:Opening the Black Box, IMF Governance
   

US Congress Should Demand IMF Reforms in the Wake of Large Increase in IMF Funding

The United States should negotiate governance reforms of the International Monetary Fund (IMF) following Congressional approval of large increases in its lending to poor countries, according to a leading advocacy group, New Rules for Global Finance, and a UN economist. July 15, 2009.

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:4th Pillar, IMF Governance
   

Developing Countries Call For IMF Reforms

On September 16, 2008, high-level officials from the world's developing regions will call for reforms of the International Monetary Fund (IMF) at a public meeting in Washington. The meeting will present recommendations culminating from a series of regional meetings in which finance ministers, central bankers, and other experts in Africa, Central Asia/Mongolia, East Asia, Latin America/Caribbean, and the Middle East identified needed reforms to the IMF's governance and operational policies. The results of these discussions are now being presented to the Washington policy community. September 16, 2008.

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:BB IMF Reform, IMF Governance
   

Recommendation to World Bank and IMF EDs on the Leadership Selection Reform is backed by 676 signatures

(Washington, DC) Urgent Recommendation to World Bank and IMF Executive Directors on the Leadership Selection Reform at the World Bank and the International Monetary Fund is backed by 676 signatures! June 27, 2007.

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:HLP IMF Reform, IMF Governance
   

Report Makes Recommendations on IMF Accountability, IMF Listening

The New Rules for Global Finance Coalition today released a new report by a High-Level Panel on IMF Board Accountability. The Panel asserts that “a well-functioning global financial system requires a global institution with the mandate of the IMF that is responsive to its membership, and accountable through its shareholders to the global community.” However, the Panel expressed concern that the Fund’s current “weakness in accountability undermines the legitimacy and effectiveness of the Fund.” April 10, 2007.

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:HLP IMF Reform, IMF Governance
   

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Press Releases

  • Lagarde next IMF Managing Director
    June 28, 2011 
  • Financial Accountability and Corporate Transparency Campaign Launch
    April 11, 2011 
    Read more »
  • Open Letter to IMF Governors
    September 28, 2010 
    Read more »
  • Press Release: New Rules for Global Finance Launches Cutting-Edge Blog
    August 19, 2010 
    Read more »
  • New Rules for Global Finance Launches New Website
    August 10, 2010 
    Read more »
  • G-20 Must Demand IMF Management Reforms
    September 21, 2009 
    Read more »
  • US Congress Should Demand IMF Reforms in the Wake of Large Increase in IMF Funding
    July 15, 2009 
    Read more »
  • Developing Countries Call For IMF Reforms
    September 16, 2008 
    Read more »
  • Recommendation to World Bank and IMF EDs on the Leadership Selection Reform is backed by 676 signatures
    June 29, 2007 
    Read more »
  • Report Makes Recommendations on IMF Accountability, IMF Listening
    April 10, 2007 
    Read more »
  • New High-Level Panel on Accountability of IMF Executive Board
    October 03, 2006 
    Read more »
  • High-Level Panel on IMF Board Accountability will meet in Washington, DC Sept 7-8
    September 07, 2006 
    Read more »
  • Formation of New High-Level International Panel Announced: New Project to Scrutinize IMF Board
    June 18, 2006 
    Read more »
  • United Nations Consultations to Produce Recommendations to Reform International Financial Markets
    November 24, 2004 
    Read more »
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