))
Uncovering a Culture of Silence at the IMF
Fetch error
Hmmm there seems to be a problem fetching this series right now.
Last successful fetch was on October 29, 2024 13:38 (
What now? This series will be checked again in the next hour. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.
Manage episode 446684700 series 3610497
Contenido proporcionado por The Egyptian Economist. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente The Egyptian Economist o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.
This episode explores a bombshell report that exposed a culture of unethical conduct and retaliation at the International Monetary Fund (IMF). The report, prepared by an external panel led by Jens Weidmann, was commissioned in the wake of a controversy surrounding the appointment of Kristalina Georgieva as Managing Director.
The Weidmann Panel’s findings were based on:
- A survey of IMF staff.
- Interviews with current and former employees.
- Confidential emails from concerned individuals.
The results were alarming. A staggering 32% of staff feared retaliation for reporting misconduct and a significant number believed that management was held to a lower standard of accountability.
The episode examines the following key findings of the Weidmann Report in detail:
- A culture of fear and silence: Employees were discouraged from speaking up against ethical transgressions or harassment.
- A lack of accountability: Those responsible for retaliatory acts were not held accountable, and management was often perceived as being above the rules.
- A flawed dispute resolution system: The process was slow, costly, and lacked transparency.
The episode concludes by discussing the implications of the Weidmann Report for the future of the IMF. It considers the steps that need to be taken to reform the organization’s culture and restore trust in its ability to operate ethically and effectively.
Key recommendations from the report include:
- Holding leadership accountable for setting the right tone at the top.
- Clarifying the terms of engagement between staff and Executive Directors who represent member countries.
- Enhancing transparency in management decisions.
- Developing clear guidelines for covering emerging policy areas to ensure even-handedness.
- Strengthening and documenting the internal review process.
- Establishing mechanisms for addressing undue influence.
- Establishing comprehensive measures and policy changes to create significant institutional, structural, and cultural change.
IMF (2022), "External Panel of Experts’ Review of the IMF’s Dispute Resolution System in: Policy Papers Volume 2022 Issue 032", https://www.elibrary.imf.org/view/journals/007/2022/032/article-A002-en.xml
The General Theorist (2022), "Ethics and corruption at the International Monetary Fund", https://thegeneraltheorist.com/2022/10/09/ethics-and-corruption-at-the-international-monetary-fund/
Turner, S. P. (2003). Liberal democracy 3.0: Civil society in an age of experts. SAGE Publications Ltd, https://doi.org/10.4135/9781446217498, https://www.academia.edu/435893/Liberal_Democracy_3_0_Civil_Society_In_An_Age_of_Experts
3 episodios
Compartir
