The Bretton Woods Project would like to sincerely thank the Honorable James M. Flaherty, Canada’s finance minister, for his kind end June response to a letter we sent him about leadership selection at the IFIs. No, it was not a response about the spring 2012 process for selecting a new head of the World Bank, but a May 2011 letter about the IMF managing director selection process (see Update 76). We are expecting another letter in March 2013 about the World Bank. Based on the urgency with which Flaherty responded to our concerns, we can rest assured that his commitment to “continue to work with the IMF on strengthening the process to ensure that all countries have equal opportunity to occupy the highest positions of the institution” will produce tangible results in about 2043. We look forward to it!
The Bretton Woods Project has published a new briefing providing a critical analysis of the IMF's latest work on gender equality. The briefing questions the sustainability of the Fund's new approach to gender equality and reveals that the Fund's analysis so far is limited and inconsistent with the full achievement of women's economic empowerment.
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