Papers
May 8, 2009
Democratizing the International Monetary Fund and the World Bank: Governance and Accountability
| Type | Published Paper |
|---|---|
| Author(s) |
Joseph Stiglitz University Professor Department of Economics Columbia University |
Using a framework of accountability borrowed from political discussions, Joseph Stiglitz looks at the failures of the IMF to advance its stated goals. He argues that the IMF's often counterproductive work is the result of a flawed system of governance within the institution. Stiglitz suggests that the World Bank, where governance was reformed to more successfully advance its agenda of poverty reduction, may provide a helpful guide for renovating the IMF.
This paper originally appeared in Governance, 16(1), January 2003, pp.111-139.
