Making the IMF and the World Bank more accountable
Woods N.
Accused of being secretive, unaccountable and ineffective, both the IMF and the World Bank are seeking to become more transparent, more participatory and more accountable. Yet few attempts have been made to dissect the existing structure of accountability within the international financial institutions. This article critically examines the existing accountability of these institutions and offers some recommendations for making them more accountable. It also warns that even at best, their accountability is limited, and therefore so too should be their activities.