G-24 discussion paper series: Burden sharing at the IMF | Perpustakaan Kementerian Luar Negeri

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G-24 discussion paper series: Burden sharing at the IMF

Aziz Ali Mohammed - Nama Orang;

The paper reviews aspects of the financial governance of the IMF, focusing on the equity implications of the manner of distributing the cost of running the Fund’s regular (nonconcessionary) lending operations as well as the modalities of funding its concessionary lending and debt relief operations. It is concluded that while the Fund charges borrowers roughly what it pays its creditor members for the resources used in its regular lending operations, its overhead costs (administrative budget plus addition to Reserves) are shared between the two groups of members in a less equitable manner. With the overhead costs rising inexorably to meet an increasing number and variety of responsibilities being placed upon the institution, largely at the instance of the Fund’s principal creditors, by virtue of their dominant majority of voting power, the under-representation of the Fund’s debtors undermines the legitimacy of its decision-making. In regard to the concessionary lending and debt relief operations, some of the funding modalities have involved a substantial contribution by Fund debtors, sometimes under pressure. While this outcome has been accepted as part of an intra-developing country burden-sharing exercise, it has also meant a significant burden-shifting away from the developed countries in the cost of meeting their responsibilities to the poorest members of the international community.

Ketersediaan

2024-1817 382 Moh g Perpustakaan Diplomasi Tersedia namun tidak untuk dipinjamkan - Repair

Informasi Detail

Judul Seri: -
No. Panggil: 382 Moh g
Penerbit: New York : United Nations., 2003
Deskripsi Fisik: ix, 11 pages : illustrations (black and white) ; 30 cm
Bahasa: English
ISBN/ISSN: -
Klasifikasi: 382
Tipe Isi: -
Tipe Media: -
Tipe Pembawa: -
Edisi: No. 24
Subjek: United Nations Conference--Trade
IMF
Info Detail Spesifik: -
Pernyataan Tanggungjawab: Aziz Ali Mohammed

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