With the current term of IMF Managing Director (MD) Kristalina Georgieva ending in September, and the Fund launching a formal nomination process for appointing the new MD, the undersigned organisations and individuals write to demand that the IMF use this opportunity to reform the selection process following long-standing calls from global civil society and countries from the Global South and ensure the next selection process is undertaken in accordance with a merit-based, open and transparent process, underpinned by criteria involving a demonstrated commitment to international human rights, feminist principles, green and equitable development, as well as publicly available shareholder votes.
The next Managing Director should enjoy the support of the Fund’s membership not only in terms of majority of votes, but also by the majority of member countries, thereby effectively ending the gentleman’s agreement. However, the EU countries’ backing of Kristalina Georgieva for a second term as IMF Managing Director before the process even began, proves yet again that the “gentleman’s agreement” is alive and well. Therefore, we call on the Fund to reform its governance by ensuring an open process that allows multiple candidates who engage with civil society and under-represented communities and outline their vision of the role and priorities of the IMF in a world mired in systemic crises.
The global post-pandemic outlook is increasingly dire, exacerbated by conflict, the climate crisis, inequality and the debt crisis. International development finance is urgently needed, with 60 per cent of low-income countries already at high risk of or in debt distress while finance needs to address climate change amount to $4 trillion annually by 2030. The need for concessional finance is at an all-time high with lending through the Poverty Reduction and Growth Facility increasing five-fold and more than 40 countries expressing interest in the Fund’s Resilience and Sustainability Trust since 2022. Yet, the IMF failed to agree to another general allocation of Special Drawing Rights and failed to achieve a meaningful quota reform that would boost the Fund’s lending capacity and ensure a fair representation of all member countries. Moreover, the Fund continues to prescribe austerity in its loan conditionalities, advising cuts to government spending, despite overwhelming evidence that fiscal consolidation does not reduce debt-to-GDP ratios or stimulate economic growth.
Amidst an extremely volatile and dynamic geopolitical environment, in which the multilateral system is under increasing danger of fragmentation, we call on the next IMF Managing Director to commit to reshaping global economic governance and prioritise policies and systems that are gender transformative, equitable, environmentally sustainable and consistent with international human rights norms, including:
- Demonstrating leadership with shareholders by strongly advocating for a quota reform process that results in a new quota formula by 2025 that accurately reflects the changes in the global economy to ensure a fair representation of all member countries and boosts IMF’s lending capacity.
- Strongly supporting and advocating for a new Special Drawing Rights allocation to help meet urgent financing needs for developing countries in ways that do not create additional debt burdens and undue policy conditionality as well as reform future allocations by using clearly defined criteria, and decoupling SDRs from quotas to ensure their targeted, needs-based and equitable distribution.
- Promoting progressive taxation, reforms to eradicate illicit financial flows, relocate public expenditures and support sustainable debt resolution instead of austerity conditionality.
- Actively advocating for the end of the Fund’s unnecessary and counterproductive surcharges policy.
- Energetically advocate for the establishment of an IMF human rights policy and the ex ante and ex post human rights and distributional impact of all IMF policies and programmes.
- Committing to bringing the IMF in line with other international financial institutions by establishing an IMF independent accountability mechanism.
Sincerely, the undersigned:
Aalem for Orphan and Vulnerable Children, Inc.
Action Communautaire pour la Promotion des Défavorisés BATWA
Action Contre les Violations des Droits des Personnes Vulnérables (ACVDP)
Action Lab For Development
Action Solidaire de la Jeunesse pour le Développement Communautaire (ASOJEDEC)
Action Works Nepal
ActionAid International
Actions pour la Réinsertion Sociale de la Femme (ARSF)
ADAD Environmental NGO
Advocacy For the Rights of Women and Girls
Advocacy Initiative for Development (AID)
Affirmative Action on Gender Equality Network
AFPDE
Afrak Masst
Africa Development Studies Center
Africa Freedom of Information Centre (AFIC)
Africa Youth Coalition Against Hunger Sierra Leone/Economic Justice Network Sierra Leone
Africa Youth Growth Foundation (AYGF)
African Action on AIDS (AAA)
African Agency for Integrated Development (AAID)
African Center for Science and International Security (AFRICSIS)
African Citizen’s Empowerment Foundation
African Citizens Development Foundation
African Council on Narcotics
African Initiative for Mankind Progress Organization
African Youth Employment Initiatives (AYEI)
Agir en Faveur de l’Environnement (ONG AFE)
Agora
Aid for Trade Logistics
Aid Organization
Akal Développements
Akshar Foundation
Al-Shafaa Organization
Ali Haddad, Jordan Youth Innovation Forum
All Christians Welfare Association
All Pakistan Women’s Association (APWA)
Alliance des Femmes pour l’Egalité des Genres en Guinée
Allied Universal Security
Alzheimer’s Disease and Related Dementias In Zambia (ADDIZ) (Formerly Aged Care and Service Centre)
Amigos do Protocolo de Kyoto
Amis des Etrangers au Togo (ADET)
Anti-Corruption Trust of Southern Africa
ArtDialog
Asaba Home Diaspora Development Initiative
ASEAN OBOR Research Academy
Ash Babilun Global Venture
Asian Consultancy on Tobacco Control Ltd
Asociación civil fuerzafro movimiento social cultural
Asociación Colectivo Mujeres Al Derecho
Asociación de Trabajadoras del Hogar a Domicilio y de Maquila (ATRAHDOM)
Asociación Española para el Derecho Internacional de los Derechos Humanos, AEDIDH
Assamo Village Youth Association
Associação de Amizade e Solidariedade Angola-Alemanha
Association Agir Ensemble (AAE)
Association AICHA pour le développement de proximité et environnement
Association Aide aux Femmes et Enfants
Association Assistance Communautaire et Développement
Association Camerounaise pour la Santé des Adolescents (ACSA)
Association Congolaise pour le Développement Agricole (ACDA)
Association Cultures du Monde
Association de Développement Agricole Éducatif et Sanitaire de Mano
Association de Jeunes Visionnaires pour le Développement du Congo (AJVDC)
Association de Protection et de Promotion des Intérêts des Familles en Périls (APPIFAPE)
Association de Solidarité d’Aide et Action Enfance Mali
Association des Femmes Peuples et Peuples Autochtones du Tchad (AFPAT)
Association des Ressortissants et Amis D’Eseka
Association des Scouts du Niger
Association des Volontaires pour l’Environnement Sain
Association du Developpement et de la promotion de Droit de l’Homme
Association femme et Action pour le Développement
Association for Community Awareness (Ascoa)
Association For Promotion Sustainable Development
Association Gabonaise pour les Nations Unies
Association Liaison Universelle pour le Bien-être des Enfants et des Jeunes
Association Locale pour le Devéloppement Integral (ALDI)
Association Mali Culture
Association Malienne des Femmes pour la Formation Ecologie et le Developpement (AMFFED)
Association nationale des partenaires migrants
Association of African Entrepreneurs
Association of Afrikaan Descendants Worldwide
Association of Iranian Jurists Defending Human Rights
Association of World Citizens
Association pour l’Integration et le Developpement Durable au Burundi (AIDB)
Association pour la défense des droits de la femme mauritanienne
Association pour la Diffusion des Droits Humains aux Peuples Autochtones (Humanitarian Law Agency)
Association pour la santé et la prévention des maladies tropicales
ASSOCIATION POUR LE DÉVELOPPEMENT RURAL INTEGRE DE NGANDA TSUNDI
Association Right and Citizenships
Association Santé Education Démocratie (ASED)
Association School-NET Gabon
Association Sénégalaise pour la Promotion de l’Agriculture Biologique (ASPAB)
Association sénégalaise pour la promotion des énergies renouvelables KokkiEnergie
Association Tamount pour le Développement Culturel et Social
Association YOUTHLEAD
Avaaz Foundation
AWTAD Organization For Combating Corruption
Babatunde Development And Empowerment Initiative (BDEI)
Badabon Sangho
Ballerina Management Institute
Bangladesh NGOs Network for Radio and Communication
Banjara Seva Samithi
Barzani Charity Foundation / BCF
Bella Foundation for Child and Maternal Care
BIFERD
Blessed Aid
Bond Street Theatre
Brain Sluice Africa Child’s
Bridgers Association
Brigada Nacional de Formação (BRINFOR)
British Overseas NGOs for Development (BOND)
Bretton Woods Project
Buddhist Tzu Chi Foundation
Build Africa Cameroon
Build Green Group Albania
BUNYAD Literacy Community Council
Bureau d’Informations Formations Echanges et Recherches pour le Developpement (BIFERD)
Business and Professional Women Voluntary Organization
CADPHEF International
CAFSO-WRAG for Development
Cameroon League for Development
Cancer Aid Society
Caucasian Feminist Institute
Cause Première
Celebrity Media Foundation Inc.
Center for Integrated Rural and Child Development
Center for Trade Union and Workers Services (CTUWS)
Centre d’accompagnement des alternatives locales de développement
Centre for Human Rights and Climate Change Research
Centre For Legal Rights Advancement
Centre for Renewable Energy and Action on Climate Change
Centre for Social Impact Studies
Centre for Transformation of the Underprivileged
Centre for Youth Interest, Dignity and Development
Centre Intercommunautaire Congolais Pour Les Personnes Avec Handicap (CICPH) ONG
Centro de Capacitación y Promoción de la Democracia (CECADE)
Centro de Estudios Legales y Sociales (CELS)
Cercle Izran de part le monde
Change Human’s Life
Childlink Foundation
Children Education and Social Welfare Society (CEWS)
Christian Education and Development Organization (CEDO)
Citizen Outreach Coalition
City of God Foundation
Civil Society Action Coalition on Education for All (CSACEFA)
Civil Society Legislative Advocacy Centre (CISLAC)
CLIPSAS
Club Ohada Thiès
CNCD-11.11.11
Coalition des Volontaires pour la Paix et le Developpement (CVPD)
Cœur d’Afrique – Fondation Roger MILLA
Collectif Sénégalais des Africaines pour la Promotion de l’Éducation Relative à l’Environnement (COSAPERE)
Comité d’Action pour la Recherche et le Développement (CARD)
Comité/Club Unesco Universitaire pour la Lutte Contre la Drogue et autres pandémies (CLUCOD)
Communities Forestry and Social Development International
Community Agenda for Peace
Community Development Initiative Cape Town
Community Hive Organisation (CHO Uganda)
Community Initiatives for Development in Pakistan (CIDP)
Community Production & Development Centre
CONERELA+
Conseil pour l’Education et le Développement (COPED)
Conseil pour la Défense Environnementale par la Légalité et la Tracabilité (CODELT)
Construisons Ensemble le Monde
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Coup de Pouce
Credo-Action
CSYM HUDUMA MBUENET 🇹🇿*
Cybercafé Avenir Pour Tous
Debarasser L’environement Des Plastiques PVC
Dementia South Africa
Development Alternatives with Women for a New Era (DAWN)
Development Impact Pathfinders Initiative
Disability Empowerment Solution
Disabled Rehabilitation Foundation
Disabled Women Support Organization
Donum Animus
Dr. B.R. Ambedkar Sports Foundation
Dynamique Gender ONGD International
Earth Charter Youth Group Ethiopia
Earthquakes and Megacities Initiative
Economic Initiative for Africa
Edo Change Network
Ekens Foundation International
Ekta Welfare Society
El Derecho a No Obedecer – Otraparte Corporation
Elizka Relief Foundation
Elmostakbell pour le Développement
Emang Basadi Association
Empower India
Empowering Women for Excellence Initiative
Empowerment Initiative SA
Energies 2050
Engabu Za Tooro (Tooro Youth Platform for Action)
Entrepreneurship Development and Support Initiative
Environmental Protection and Development Association (EPDA)
Estonian Roundtable for Development Cooperation
Ethiopia Africa Black International Congress Church of Salvation (EABICCS)
Ethiopia Change and Development Association
Ethiopian Civil Service University
Eurodad (European Network on Debt and Development)
European Union of Public Relations
European Women’s Lobby
Evangelização Geral de Ajuda aos Necessitados (EGAN)
Excellent World Foundation LTD/GTE
Fastenaktion Switzerland
Federation of Ethiopian Associations of Persons with Disabilities
Feekr Organization For Dialogue and Human Rights Defense
Femme et Justice Economique (FEJE)
Fight Against Aids Guinee West Africa
Fin de la Esclavitud
Flickers of Hope Foundation
FOMUBISA asbl
Fondation Grinos Foundation
Fondation pour l’étude et la promotion des droitd de l’homme en Afrique (FEPDHA)
Food and Livestock Initiative
Force Juvénile pour un Avenir Rassurant
Forum méditerranéen pour la promotion des droits du citoyen
Forum of Nigerian Women In Politics (FONWIP)
Foundation Aid Solution For Talent Empowerment And Development (FASTED)
Foundation For Environmental Rights, Advocacy & Development (FENRAD)
Foundation for Reconciliation & Democracy (FOREDEM)
Free Africa Foundation
Freehearts Africa Reach Out Foundation (FAROF)
Friend of Lake Victoria (OSIENALA)
Friends in Need Empowerment Initiative
Friends of Angola
Friends of Ghana International Inc.
Fundación Cultural Asodefensa
Fundación Multitudes
Fundeps
Future Hope International
Gap Intercessors Ministry International
Gender and Energy Network Ghana
Generation Initiative for Women and Youth Network (GIWYN)
Geo Asia
Ghana United Nations Association
Global Alert for Defence of Youth and the Less Privileged (GADYLP)
Global Alliance for Development Foundation (GADEF) International
Global Integrated Education Volunteers Association
Global Peace and Development Association
Global Peace and Development Organization
Global Race Against Poverty and HIV/AIDS [GRAPH] Nigeria
Goodness and Mercy Missions
Grace Leadership Foundation Inc
Great Africa Youth Empowerment And Development Initiative
GROOTS Kenya
Groupe d’Action, de Paix et de Formation pour la Transformation (GAPAFOT)
Groupe de Découverte des Potentiels de l’Afrique (GDPA)
Groupe de Recherche-Action pour le Developpement Integral
Groupe Educatif pour le Développement Durable (GEDD-GAO)
Hamraah Foundation
Haritika
Harpazo Chaplain Corps International
HEDA Resource Centre
Hope Outreach Foundation
House of Diamond Community Initiative
Human Development Society The Gambia
Human Resource and Material Development Foundation
Hypatia of Alexandria Institute for Reflexion & Studies
ICT4Peace Foundation
IDPC Consortium
Il’Laramatak Community Concerns
Indian Confederation Of Indigenous And Tribal Peoples North East Zone
Indigenous Peoples Global Forum for Sustainable Development (IPGFforSD)
Initiative for African Youth Advancement Advocacy and Empowerment
Initiative for Youth Awareness on Climate Change
Institute of the Blessed Virgin Mary – Loreto Generalate
Instituto RIA
Int’l Centre for Peace Charities and Human Development
International Blue Crescent Relief and Development Foundation
International Centre for Environmental Education and Community Development (ICENECDEV)
International Council of the Patient Ombudsman
International Institute for Child Protection
International Islamic Youth League
International Medical Crisis Response Alliance
International Organization for the Elimination of All Forms of Racial Discrimination (EAFORD)
International Progress Organization
International Reproductive Rights Research Action Group – Nigeria
International Romani Union
International Society for Peace and Safety
International Society for Small and Medium Enterprises
International Union of Parents and Teachers Association (IUPTA)
International Volunteer Organisation for Women Education Development
International-Curricula Educators Association
International-Lawyers.Org
Internationale Gemeinschaft für die Unterstützung von Kriegsopfern e.V.
Iraqi Journalists Rights Defense Association
Jammu and Kashmir Literary and Philosophical Foundation
JanMitra Nyas
Jeunes Volontaires pour l’Environnement (YVE)
JFMO Servicios en Intermediación Pública
Kamukunji Paralegal Trust (KAPLET)
Kariobangi South Welfare and Slums Housing Cooperative Society
Kawish Resource Center
Kenya Community Haki Group
Kevoy Community Development Institute (KCDI) Jamaica Ltd.
Khmer National Liberation Front
Kikandwa Rural Communities Development Organization
Kilele Junior Foundation
Krida Vikas Sanstha
Kuchlak Welfare Society
Kuru Development Trust
l’Association internationale de défense des droits de l’Homme et des médias
La Brique
La Grande Puissance de Dieu
La ligue Marocaine pour la citoyenneté et les droits de l’homme
Leadership Initiative for Transformation and Empowerment (LITE) Africa
Leadership Watch
League of Women Voters of Nigeria
Lenient Foundation for Humanity and Togetherness
LGBT+ Denmark
Liberians United to Expose Hidden Weapons (LUEHW)
Lift Up Care Foundation
Ligue Associative pour l’Appui au Développement
Ligue des défenseurs des droits de l’homme au Sahara
Ligue pour les Droits de la Femme Congolaise (LDFC)
Lion Damien Club
Lokole International Asbl
LOTS Charity Foundation
Major Alliance Education Centre (MAEC)
Mandela Center International
Maryknoll Office for Global Concerns
Mathare Environmental Conservation Youth Group
Memory Trees Corporation
Mijoro Mandroso
Misère Option Zéro
Mission des Volontaires Contre la Pauvreté (MVCP)
Mkokoteni Aid Development Organisation
Montessori Model UN
Mouvement d’organisation des ruraux pour le développement (MORD)
Mouvement International d’Apostolat des Milieux Sociaux Indépendants (MIAMSI)
Mouvement pour la défense de l’humanité et abolition de la torture (MDHAT)
Munansi Green Initiative
Muzaffarabad Poverty Allevation Programme
National Association of Seadogs
National Foundation for Peace, Development and Human Rights
National Indigenous Women Forum
National Old Folks of Liberia, Inc.
Natural Initiative for Voluntary Blood Donors (NIVBLODON)
Nature’s Rights
Neighbourhood Environment Watch Foundation
Ngece Rinjeu Foundation
NGO Malachie Gabon
Ngoma Club
Nigeria-Togo Association
Nigerian Women Trust Fund
No Borders Humanity Organization (NBH)
NORSAAC
Northern Council for Global Cooperation
Norwegian Forum for Development and Environment
Nour Association for Solidarity with Rural Women
Nung Ikono Ufok Pioneer Fishing MPCS Ltd
Oikos Cooperação e Desenvolvimento
Olof Palme Peace Foundation International
ONG Action 237-Suisse
ONG AKARASS
ONG JEVEV (Jeunesse et Emplois Verts pour une Economie Verte)
ONG Organisation Contre la Pauvrete (OCP)
ONG/Association des Femmes Entreprenantes du Mali
ONGD Maison de Lecture-Les Amis de Lemba et de Wareme
Open Dreams
OpenSENEGAL
Organisation Constellée pour le Développement Économique et Social de la Commune des Gonaives
Organisation des Jeunes pour le Monde d’Avenir (OJMA)
Organisation pour le Développement International Social Solidaire Intégré (ODISSI)
Oxfam International
Pak Women
Pakistan Development Alliance
Pakistan Fisherfolk Forum
Pakistan Rural Workers Social Welfare Organization
Palestinain Consultative Staff for Developing NGOs
Paradise Mission for Widows & Teenage Girls
Partners for Peace and Prosperity, Inc.
Pastoralist Child Foundation
Peace Foundation Pakistan
People to People International Togo
Peoples Federation for National Peace and Development (PEFENAP)
Petraville Educational Consult
Philanthropic Centre For Rural Development
Plataforma CIPÓ
Plateforme des Organisations de Femmes Haïtiennes pour le Developpement (POFHAD)
Pleaders of Children and Elderly People at Risk (PEPA)
Poka Health Care Foundation
POMAHABI Indigenous Organization
Positive Youth Development Organization
PRAHAR
Prime Initiative for Green Development
Professionals For Humanity (PROFOH)
Progrès Santé Sans Prix
Public Aid Organization
Public-Private Integrity
Puntland Peace and Development Organization (PUPEDO)
Raise Your Voice Saint Lucia Inc
Ray of Hope Community Organization
Reach The Youth Uganda (RTY)
Red Latinoamericana por Justicia Económica y Social – LATINDADD
Rede Brasileira de Redução de Danos e Direitos Humanos (REDUC)
Refugee Relief Workers International
Regional Centre for International Development Cooperation (RCIDC)
Rencontre Africaine pour la Défense des Droits de l’Homme (RADDHO)
REPAOC: Network of West African NGO Platforms
Réseau Communautaire pour le Pauvre RCP-NETWORK
Réseau d’Action Sur les Armes Légères en Afrique de l’Ouest Section du Burkina Faso (RASALAO)
Réseau de la Jeunesse Nigérienne sur les Changements Climatiques (RJNCC)
Respect Cameroun
Reyada for Capacity Building Studies & Consultations
RIO Rusmisbrukernes Interesseorganisasjon
Rural Care Ministries
Rural Women and Girls Rights Foundation
Rural Women’s Network Nepal (RUWON Nepal)
Rwenzogreen Associates Ltd
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Sahkar Social Welfare Association
Sanid Organization for Relief and Development (SORD)
Sathi Samuha (Friends Group)
Save the Climat
Securitas Congo
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Serendipity Healthcare Foundation
SETU
Sewa Development Trust Sindh
Share and Care Charity
Sierra Leone Autistic Society
Sima Community Based Organization
Slum Child Foundation
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Social Watch Benin
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Society for Women Development and Empowerment of Nigeria
Solidarité des Jeunes Filles pour l’éducation et l’intégration socioprofessionnelle (SOJFEP)
Solidarité Internationale Pour l’Afrique
Solidarité pour un Monde Meilleur
Somali Youth Development Foundation (SYDF)
Sonmaz Mashall Cultural Relations Public Union
SOS Urgence
Soulbent project
Southern Africa Non-Governmental Organizations Network (SANGONET)
SRI Welfare Foundation
Strength in Diversity Development Centre
Student Business Organization for Sustainable Development (SBOSD)
Student Youth Travel Org.
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Sustainable Development Policy Institute
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Syndicat Chrétien de Travailleurs du Congo
Synergy Care Development Initiative
Tanzania Association of Non-Governmental Organizations (TANGO)
Technical Centre for Fine Art and Computer Studies CIG
Terra Renaissance
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The Bridge Foundation For Youth Leadership
The Bulang Foundation
The Environment Ameliorators
The Healthy Real Initiative for Valued Entrepreneurship (THRIVE)
The Indonesian Child Welfare Foundation
The Legal Resources Centre
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The Rideau Institute on International Affairs
The SAFE Campaign NGO
The United Nations Association of Russia
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Tiruzer Ethiopia for Africa (TEA)
Touch a Heart Social and Economic Rights Initiative
Training for Women Network
Transparency & Anti-Corruption Campaign in International
Treatment Action Group
Udisha
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Uganda Reach the Aged Association (URAA)
Ulalo (formerly Centre for Youth and Development)
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Vessels of Virtue
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Voice of Wrongfully Imprisoned (V.O.W.I.)
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Wassa Karité
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WEED – World Economy, Ecology & Development
Welfare Togo
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Wespak Welfare Trust (WWT)
Widevision and Human Rights
Women and Child Support Organization
Women and Modern World Social Charitable Center
Women Educationists Empowering Communities (WEEC) Ltd
Women Initiative for Sustainable Environment (WISE)
Women Initiatives For Peace & Good Governance
Women, Gender and Development (MuGeDe)
Women’s Consortium of Nigeria (WOCON)
Women’s Entrepreneurship Day Organization
Women’s Platform
Women’s Rights and Health Project
Working Fingers International Intiative
World Association of Early Childhood Educators (AMEI-WAECE)
World Changers Foundation
World Economy, Ecology & Development (WEED)
World Organization for Human Rights
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Yayasan Pendidikan Indonesia
Young Christian Education Club Of Zambia (YCECZ)
Young Green Women Sierra Leone
Young Professional Development Society Nepal (YPDSN)
Youngstars Development Initiative
Youth Alive Uganda
Youth and Childrens Association of Cote D’ivoire
Youth Association of Assamo Village
Youth Awareness And Guidance Organisation
Youth Foundation of Bangladesh
Youth Link Ghana
Youth Path Organisation
Youth Program For The Development Of Africa
Zarga Organization for Rural Ddevelopment
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IMF Boss 