Review of IMF-World Bank collaboration

Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF) and Paul Wolfowitz, President of the World Bank Group, announced Wednesday they have initiated a range of measures to promote a deeper and early review of Fund-Bank collaboration.

This includes the creation of a six-member External Review Committee. The measures initiated by the heads of the IMF and World Bank bring forward by a year, a joint staff review that had been scheduled for 2007, of how the Fund and Bank work