New leadership at the IMF and the end of James Wolfensohn"s term at the World Bank in 2005 provide an opportunity for new approaches and much needed reform.

The real news from Prague was not the street protests but the International Monetary Fund's commitment to reform, a continuation of its evolution over the last year. The World Bank, in contrast, still seemed surprised by the intensity of its critics. James Wolfensohn, its president, offered many platitudes, numerous vague...

The IMF should establish a list of policies that countries must adopt to be assured ofcrisis assistance.The World Bank should be monitored by an independent group similar to the GAO.

The signs carried by demonstrators in Washington last week indiscriminately condemned all the main international economic institutions. Like the demonstrators, the institutions are a mixture of good and bad, right and wrong. Their judgments are mainly well intentioned, but often mistaken. And both the demonstrators and the institutions suffer from...

An interview with Roger Bate about the World Bank, the IMF, and the Wolfowitz scandal.

A bipartisan congressional commission has proposed changes to increase the effectiveness of the International Monetary Fund, the World Bank, and other international financial institutions.

The September World Bank and IMF meeting in Prague produced important reforms of IMF financial practices, continuing confusion at the World Bank, and a flawed proposal for debt relief.

In the war on terrorism, President George W. Bush prefers alliances but is willing to act alone.