Can the IMF be Reformed?
A proposal for a radically disempowered IMF, turned into just another actor co-existing with and being checked by other international organizations, agreements and regional groupings. De los Reyes and Bello argue for international regional institutions to supplant the IMF as a regulator of global finance.
For political reasons, it may prove difficult to abolish the IMF. But it can be disempowered and converted into a research agency tasked with monitoring capital flows. Today’s need is not another centralized global institution but the deconcentration and decentralization of institutional power and the creation of a pluralistic system of institutions and organizations interacting with one another, guided by broad and flexible agreements and understandings. This arrangement would make the IMF just another actor co-existing with and being checked by other international organizations, agreements and regional groupings.
An incisive critique of and proposal for the Asian Development Bank.
Guttal Shalmali, February 2005
This synthesis report presents the various papers written by participants in the International Regulations Workshop and attempts to draw out the key points and recommendations of each paper and the agreements and disagreements that emerged in the exchange.
Walden Bello, December 2005
A proposal to replace the Bank with a substantially shrunk global institution that makes long-term, low interest loans but is more democratic and transparent, among other changes.
Robin Broad, February 2005
A proposal on regulating corporate behavior through public institutions at the international level.
Sarah Anderson, March 2005
A text on the Currency Transaction Tax (CTT), the problems raised as regards its feasibility and possible solutions.
David Hillman, January 2005
An assessment of the role and impact of the WTO and its failure to address the needs of developing countries.
Aileen Kwa, June 2005
A proposal for a new international financial architecture with an International Board of Arbitration for Sovereign Debt.
Oscar Ugarteche, March 2005