The IMF must ensure that it has clear lines of responsibility internally, and that it is transparent with respect to the reasons for its decisions. In other words, the IMF needs a governance structure that helps it achieve its goals and that holds its officials accountable.
Currently, decision-making responsibilities are divided among the Board of Governors, the Executive Board, and the Managing Director and staff. But in practice, the division of responsibilities among these groups is not always clearly defined. Accountability is dispersed, and decision making lacks transparency.