The Committee on IMF Reform has released its Final Report. This Committee of eminent persons was appointed by the Managing Director of the International Monetary Fund Dominique Strauss-Kahn, on September 4, 2008, to advise on the adequacy and effectiveness of the IMF's framework for decision making. It is chaired by Finance Minister Trevor A Manuel, MP.
The report proposes a package of measures to enhance the Fund's legitimacy and effectiveness.
The report was welcomed by the IMF Managing Director as coming at a critical time when the need for effective engagement between senior policy makers to tackle the global crisis has acquired new urgency.
The committee is chaired by Minister Manuel and includes: Michel Camdessus, former Managing Director of the IMF; Kenneth Dam, Professor at the University of Chicago; Mohamed El-Erian, CEO of Pacific Investment Management Co.; Sri Mulyani Indrawati, Minister of Finance of Indonesia; Guillermo Ortíz, Governor of the Bank of Mexico; Robert Rubin, Center for Foreign Relations; Amartya Sen, Professor at Harvard University; and Zhou Xiaochuan, Governor, People's Bank of China.