Thursday, October 30, 2014

4th Pillar Consultation on IMF Governance

In September 2008, Dominique Strauss-Kahn, the Managing Director of the International Monetary Fund (IMF), laid out a four-pillar approach to reforming the governance structure of the IMF.

The Four Pillars:

  • 1st Pillar: IMF Independent Evaluation Office of the IMF
  • 2nd Pillar: A working group of the IMF Executive Directors
  • 3rd Pillar: A committee of eminent persons
  • 4th Pillar: Direct interaction with civil society organizations

An independently run website was set up to encourage and collect CSO input, which fed directly into the IMF staff’s preparation of governance reform papers for IMF Executive Board discussions before the IMF-World Bank Annual Meetings in October. The process culminated in a meeting between IMF Managing Director Dominique Strauss-Kahn and CSOs during the 2009 Annual Meetings in Istanbul, Turkey. The IMF invited New Rules for Global Finance to coordinate the inputs and interaction with CSOs during the consultation period.

Comment process is over for the consultation, but you can view the submitted content at

Final CSO Paper Submitted to Executive Directors. September 1, 2009. [ English] [ Spanish] [ French]