Treasury - Ninth Report

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Here you can browse the report together with the Proceedings of the Committee. The published report was ordered by the House of Commons to be printed 5 July 2006.

Contents

Terms of Reference

Summary

1  Introduction

2  A role for the IMF

A clear role for the IMF

Global economic imbalances

Reducing the number of extraneous roles of the IMF

The World Bank and the IMF

3  Governance

Introduction

Quotas

The US veto

The European dimension

The quota reform process

Appointment of the Managing Director of the IMF

The Executive Board

The International Monetary and Financial Committee (IMFC)

Transparency within the IMF

4  Surveillance and analysis

Introduction

Multilateral surveillance

Multilateral consultations

The role of the Independent Evaluation Office (IEO)

Background

The statutory basis for the IEO

The IMF as a ratings agency

The IMF as 'gatekeeper'

The independence of surveillance

5  Lending

Conditionality of IMF lending

The reduction in lending by the IMF

New facilities

Introduction

Exogenous Shocks Facility (ESF)

Contingent financing for crisis prevention

Debt restructuring

6  Financing the IMF

Statement of position

The funding of regular IMF activities

7  The UK's relationship with the IMF

Introduction

Transparency of the UK Government's position towards the IMF

8  Conclusions

Conclusions and recommendations

Formal Minutes

List of witnesses

List of written evidence

List of Reports

List of Oral and Written Evidences

Tuesday 31 January 2006

Thursday 27 April 2006

Thursday 11 May 2006

Written Evidence

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Prepared 13 July 2006