DEMOCRATIZING THE INTERNATIONAL MONETARY FUND AND THE WORLD BANK: GOVERNANCE AND ACCOUNTABILITY

STIGLITZ, JOSEPH E.

GOVERNANCE: AN INTERNATIONAL JOURNAL OF POLICY, ADMINISTRATION AND , n.º 1/2003, pág. 111 a 140

1. ACCOUNTABILITY: A DEFINITION AND ILLUSTRATION. 2. GOVERNANCE ACCOUNTABLE TO WHOM? 3. REFORMING THE WORLD BANK. A)NEW THINKING ABOUT DEVELOPMENT. B)THINKING ABOUT AID AND THE ROLE OF THE WORLD BANK. C)INTERACTIONS BETWEEN THE WORLD BANK AND DEVELOPING COUNTRIES. D)REDEFINING THE MANDATE. 4. AN AGENDA FOR REFORM OF THE IMF. A) ABOLISHING THE IMF. B) LENDER OF LAST RESORT. C) INCREASING THE IMF'S POLITICAL INDEPENDENCE AND EXPANDING ITS RESOURCE BASIS. 5. MY PROPOSED REFORMS. A) FOCUS ON CRISIS. B) CHANGING MODES OF OPERATION. C) REFORMED GOVERNANCE STRUCTURE. D) INCREASED OPENNESS. 6. CONCLUSION. 7. ACKNOWLEDGMENTS.