| Summary: | <p>While financial crises during the 1990s have started a lively debate on IMF policies toward member countries, reform of the Fund's organizational structure and operations have been largely ignored. Improved organization and operations would increase IMF efficiency and membership participation, which would in turn increase IMF effectiveness in enhancing global economic conditions. In this paper, a number of such issues--quotas, voting structure and decision making; executive board and ministerial committees; management structure and staff; political dimensions, transparency and credibility--are assessed.</p><p> </p><p> </p><p><strong>JEL Codes:</strong> F33</p><p><strong>Keywords:</strong> IMF</p>
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