The CIGI/CIC Special Report on the future of the International Monetary Fund looks at the IMF’s role in the context of the global economic crisis and the new economic and financial governance architecture that is emerging. The authors recognize that IMF reform is an ongoing process, and suggest that the Fund can and should be an integral part of reinvigorating the international financial system. CIGI and the CIC brought together Canadian academics and policy experts to discuss how best to equip the IMF to contribute to the post-crisis world. The report makes recommendations regarding the IMF’s role in the international financial system, governance of the IMF, and IMF functional reforms. It also suggests that the IMF’s members continue to ensure the organization can achieve its goals.
CIGI Senior Fellow Bessma Momani has a Ph.D. in political science with a focus on international political economy and is full professor and interim assistant vice‑president of international relations at the University of Waterloo.
Dane Rowlands received his PhD in economics from the University of Toronto and is currently the Paterson Professor of International Affairs at Carleton University. He teaches and conducts research on international development, the IMF, conflict management and migration.
Debra Steger is professor emerita at the University of Ottawa’s Faculty of Law and a senior fellow at CIGI and the C. D. Howe Institute. She was the first director of the Appellate Body Secretariat of the WTO. During the Uruguay Round, she was Canada’s principal legal counsel and senior negotiator on dispute settlement and the establishment of the WTO.
Eric Santor is research director and assistant chief of the Global Issues Division, International Department at the Bank of Canada. Dr. Santor investigates issues relating to inflation and inflation expectations, global financial architecture, the role and governance of the IMF, and the incidence and effects of financial crises and contagion. Other research interests include the foreign activity of Canadian banks and corporate governance.
Thomas A. Bernes is a CIGI distinguished fellow. After an illustrious career in the Canadian public service and at leading international economic institutions, Tom was CIGI’s executive director from 2009 to 2012.
Randall Germain is a professor at Carleton University and chair of the Department of Political Science.
C. Scott Clark is president of C. S. Clark Consulting and adjunct professor in the Department of Economics at Carleton University. He previously held senior positions in the Government of Canada, dealing with both domestic and international policy issues.
Robert Lavigne is principal researcher of the Global Issues Division, International Department, at the Bank of Canada. He works on IMF reform issues, notably surveillance reform, and advises the Canadian office at the Fund on policy issues discussed by the Executive Board. His other areas of interest include the economics of fiscal adjustment, global imbalances and the international monetary system.
Roy Culpeper is president of the North-South Institute, where he conducts research on international finance issues, and has directed a comprehensive study of four regional development banks.
James A. Haley is a senior fellow at CIGI and a Canada Institute global fellow at the Woodrow Wilson Center for International Scholars in Washington, DC.