1. Viewpoints on Reform Issues Viewpoints on Reform Issues Special Meeting of the International Community on Reform of the IMF and World Bank

2. About the Bank Information Center BIC's Mission The Bank Information Center (BIC) partners with civil society in developing and transition countries to influence the World Bank and other international financial institutions (IFIs) to promote social and economic justice and ecological sustainability. BIC is an independent, non-profit, non-governmental organization that advocates for the protection of rights, participation, transparency, and public accountability in the governance and operations of the World Bank, regional development banks, and IMF. The above mission rests on the core premise that socially and environmentally sustainable development is not possible without the informed and active participation of local communities. BIC is supported by private foundations and organizations that work in the fields of environment and development. BIC is not affiliated with any of the Multilateral Development Banks, nor does it receive any funding from them.

3. Quotas & Voting Power Borrowers & Creditors have equal votes Ratio of basic votes should be based on a PPP exchange rate not nominal exchange rates Double Majority Voting System- majority of votes & majority of nations

4. Procedure for Appointing IMF & World Bank Leaders Open & transparent process Based on merit Open to citizens from all countries Criteria used to select leaders should be made public List of candidates and board votes should be public

5. Loans vs. Grants 100% Grant System Help countries establish poverty reduction programs rather than pay off debt

6. Conditionality Do not impose economic and political policies on grants or loans Adhere to international norms (i.e. internationally recognized social and environmental policies ) Performance-based goals and indicators as desired by recipient countries

7. Independent Evaluation Truly independent evaluation unit that is multi-disciplinary Donor governments should fund evaluations Findings should be simultaneously reported to the public, governments, and IMF and World Bank Boards