Weighted Voting in International Organizations

1954 ◽  
Vol 8 (4) ◽  
pp. 484-497 ◽  
Author(s):  
Elizabeth McIntyre

The idea of weighted voting is not new. In 1849 Sir George Cornewall Lewis stated that “history affords instances in which opinions have been weighed instead of counted”, and the subsequent unfolding of a system which finds notable contemporary expression in the International Bank for Reconstruction and Development and the International Monetary Fund has seen various manifestations. While it would be extravagant to assert that weighted voting is a crucial issue of the present day, or even a hotly-contested one, its potentialities as a means toward more effective international procedure merit discussion.

1945 ◽  
Vol 39 (4) ◽  
pp. 698-712
Author(s):  
Theodore A. Sumberg

As the first working agency of the United Nations, already almost two years old, the United Nations Relief and Rehabilitation Administration is of special interest to students of international organization. Despite its unique features it has already grappled with many of the problems that will confront all future international organizations. Its financial experience is particularly interesting because all such organizations, whether dealing with political, judicial, or economic subject matter, have very early in their history to go through the difficult process of collecting funds from resolutely sovereign-minded member governments. The Economic and Social Council of the United Nations, in view of its coordinating authority over all international specialized agencies, cannot fail to be guided by the results of the financial experience of UNRRA. The International Monetary Fund and the International Bank for Reconstruction and Development can be expected to be especially attentive to UNRRA's experience because, like it, they require the collection of vast funds for more than administrative purposes.


1949 ◽  
Vol 3 (4) ◽  
pp. 714-717

The fourth annual meeting of the Board of Governors of the International Monetary Fund was held in Washington from September 13 to 16, 1949 with Pierre Mendes-France, chairman of the Board of Governors of the Fund, presiding. The first, third and fifth sessions were joint meetings with the International Bank for Reconstruction and Development.


2016 ◽  
Vol 4 (3) ◽  
pp. 77-89 ◽  
Author(s):  
David P. Rapkin ◽  
Jonathan R. Strand ◽  
Michael W. Trevathan

What does representation mean when applied to international organizations? While many scholars working on normative questions related to global governance often make use of the concept of representation, few have addressed specifics of applying the concept to the rules and practices by which IOs operate. This article examines representation as a fundamental, albeit often neglected, norm of governance which, if perceived to be deficient or unfair, can interfere with other components of governance, as well as with performance of an organization’s core tasks by undermining legitimacy. We argue that the concept of representation has been neglected in the ongoing debates about good governance and democratic deficits within IOs. We aim to correct this by drawing on insights from normative political theory considerations of representation. The article then applies theoretical aspects of representation to the governance of the International Monetary Fund. We determine that subjecting IOs to this kind of conceptual scrutiny highlights important deficiencies in representational practices in global politics. Finally, our conclusion argues scholars of global governance need to address the normative and empirical implications of conceptualizing representation at the supranational level.


1958 ◽  
Vol 12 (2) ◽  
pp. 216-219 ◽  

The twelfth annual meeting of the Board of Governors of the International Bank for Reconstruction and Development was held in Washington, D.C., September 23–26, 1957, under the chairmanship of Miguel Cuaderno, Sr. The meeting included four plenary sessions, two of which were held jointly with the International Monetary Fund, and two meetings of the Joint Procedures Committee.


2021 ◽  
Author(s):  

This volume is the Forty-First Issue of Selected Decisions and Selected Documents of the IMF. It includes decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the IMF, as well as selected documents, to which frequent reference is made in the current activities of the IMF. In addition, it includes certain documents relating to the IMF, the United Nations, and other international organizations. As with other recent issues, the number of decisions in force continues to increase, with the decision format tending to be longer given the use of summings up in lieu of formal decisions. Accordingly, it has become necessary to delete certain decisions that were included in earlier issues, that is, those that only completed or called for reviews of decisions, those that lapsed, and those that were superseded by more recent decisions. Wherever reference is made in these decisions and documents to a provision of the IMF’s Articles of Agreement or Rules and Regulations that has subsequently been renumbered by, or because of, the Second Amendment of the Fund’s Articles of Agreement (effective April 1, 1978), the corresponding provision currently in effect is cited in a footnote.


Author(s):  
Susan Park

This chapter examines the role that international organizations play in world politics. It explains what international organizations are, whether we need international organizations in international relations, and what constraints and opportunities exist for international organizations to achieve their mandates. The chapter also considers the reasons why states create international organizations and how we can analyse the behaviour of such organizations. Two case studies are presented: the first is about the United Nations Conference on Trade and Development (UNCTAD) and the G77, and the second is about the International Monetary Fund (IMF) and the interests of money-centre banks. There is also an Opposing Opinions box that asks whether international organizations suffer from a ‘democratic deficit’.


1954 ◽  
Vol 8 (1) ◽  
pp. 133-139

The eighth annual meeting of the Board of Governors of the International Bank for Reconstruction and Development was held in Washington from September 9 to 12, 1953, under the chairmanship of Mohamad Ali, Minister of Finance and Economic Affairs of Pakistan. Two of the six plenary meetings were joint sessions with the Board of Governors of the International Monetary Fund. On September 11 an informal panel discussion was held on the subject of private international investment in under-developed countries.


2020 ◽  
Vol 21 (3) ◽  
pp. 237-244
Author(s):  
Alexander Mayer ◽  
Stefan Napel

Abstract Executive Directors of the International Monetary Fund elect the Fund’s Managing Director from a shortlist of three candidates; financial quotas of IMF members define the respective numbers of votes. The implied a priori distribution of success (preference satisfaction) is compared across different electoral procedures. The USA’s Executive Director can expect to come closer to its top preference under plurality rule than for pairwise majority comparisons or plurality with a runoff; opposite applies to everybody else. Differences of US success between voting rules dominate the within-rule differences between most other Directors, and much of the latest reform of quotas.


1949 ◽  
Vol 3 (4) ◽  
pp. 707-709

Forty-eight nations were represented at the fourth annual meeting of the Board of Governors of the International Bank for Reconstruction and Development, which was held in Washington from September 13 to 16, 1949. Maurice Petsche, Minister of Finance of France and Chairman of the Board of Governors of the Bank, acted as chairman and as co-chairman at the joint sessions with the International Monetary Fund.


1949 ◽  
Vol 3 (1) ◽  
pp. 147-149 ◽  

Forty-seven nations were represented at the third annual meeting of the Board of Governors of the International Bank for Reconstruction and Development, which was held in Washington from September 27 to October 1, 1948. Yun-wu Wang, Minister of Finance of China, acted as chairman of the joint sessions with the International Monetary Fund and also presided at other Bank meetings.


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