02204cas a2200313 a 4500 AALejournalIMF020000 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498335348 2663-3493 BD-DhAAL BD-DhAAL International Monetary Fund. Executive Board Report to the IMFC on Reform of Fund Governance. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (4 pages) Policy Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper responds to the request in the April 2009 IMFC communique for the Executive Board to report on governance reform. The current crisis has shown that the Fund's decision-making structures can deliver the kind of innovative and rapid responses the membership needs and expects. Even so, there is an undercurrent of doubt about the future, reflecting the perception that much of the recent responsiveness has been driven by outside forces (e.g., the G-20) and that, once the crisis fades, old dissatisfactions with vote, voice and process will resurface to undermine the political backing that has been key to the Fund's renewal. Hence, the IMFC's interest in reforms to underpin the institution's legitimacy and effectiveness is important and timely. This report focuses on five areas: fair quota share; high-level engagement; effective decision-making and representation at the Executive Board; open selection of management (and, more broadly, staff diversity); and updating of the Fund's mandate. Mode of access: Internet Fund Staff imf Fund imf IMF Reform imf IMF imf PP imf United States imf Policy Papers; Policy Paper ; No. 2009/019 Full text available on IMF http://elibrary.imf.org/view/journals/007/2009/019/007.2009.issue-019-en.xml IMF e-Library