IMF governance and advisory committees
- IMF governors retain specified powers while delegating ordinary business
- The IMF Executive Board conducts day-to-day business
- IMF voting combines equal basic votes with quota-based votes
- The IMF Managing Director chairs the Executive Board and heads the staff
- The IMFC advises on the international monetary and financial system
- The World Bank participates as an observer in IMFC meetings
- The Development Committee advises both IMF and World Bank governors