The International Monetary Fund has started a consultative review of its role in the wake of the global financial crisis, reaching out to members and stakeholders to take part in an examination of its mandate and areas for reform.
Initiating a review stipulated in a communiqué issued October 2009, IMF has called for a public consultation “requesting views from a range of stakeholders on three key areas: surveillance, financing, and the stability of the international monetary system,” the fund said on its Web site.
The public consultation started on March 9 and is set to end on May 15.
“We have initiated a public consultation with various stakeholders, including governments, private sector, academia, think tanks, and civil society organizations, and the wider public. We expect to receive productive feedback and discussions to enhance the Fund’s mandate review process,” Reza Moghadam, director of IMF’s Strategy, Policy and Review Department.