Translation of "réunion du comité intérimaire du fmi " (French → English) :

meeting of the IMF Interim Committee

IMF Interim Committee | Interim Committee | Interim Committee of the Board of Governors of the International Monetary Fund | Interim Committee of the Board of Governors on the International Monetary System | Interim Committee of the International Monetary Fund | IC [Abbr.]

Interim Committee on the Ministerial Session of the Trade and Development Board

– having regard to the IMF staff report prepared for the meeting of the Ad Hoc Liaison Committee on Recent Experience and Prospects of the Economy of the West Bank and Gaza of 18 September 2011,

17. Believes that the representation of developing countries in international financial institutions must be improved; calls, therefore, for a real governance reform to be agreed at the next WB and IMF committee meetings; welcomes the commitment to an open, transparent and merit-based selection process for the leadership of the international financial institutions; urges the EU as a consequence of this to speak with one voice;

There have of course been some initiatives by different European governments (It was Gordon Brown's proposal that led to the creation of the Financial Stability Forum (FSF) chaired by Mr Tietmeyer; the French government that proposed turning the IMF Interim Committee into an effective decision-making body; the British government that proposed setting up a committee to supervise simultaneously the IMF, the World Bank, the FSF and the work of the BIS; Carlo Ciampi who proposed establishing a kind of COREPER to pave the way for decisions by the IMF Interim Committee; and Chancellor Schröder who launched the initiative at the Cologne G7/ ...[+++]8 Summit in favour of cancelling poorest-country debt).

But there has been little in the way of practical decision-making, apart from renaming the IMF Interim Committee, to be known henceforth as the 'International Monetary and Financial Committee'.