This brief on leadership selection at the international financial institutions is one of a suite of policy briefs that provides basic background information and practical analysis of the financial and governance issues facing the IFIs.
The International Financial Institutions (IFIs) are multilateral agencies.The term typically refers to the International Monetary Fund (IMF), which provides financing and policy advice to member nations experiencing economic difficulties, and the multilateral development banks (MDBs), which provide financing and technical support for development projects and economic reform in low- and middle-income countries. The term MDB is usually understood to mean the World Bank and four smaller regional development banks:
- African Development Bank (AfDB)
- Asian Development Bank (ADB)
- European Bank for Reconstruction and Development (EBRD)
- Inter-American Development Bank (IDB)
This brief focuses primarily on the leadership structure and selection process of the IMF and the World Bank.