Hearing on recommendations for changes to improve the effectiveness, accountability, and the transparency of the international financial institutions and to eliminate overlapping responsibilities. Witnesses: Allan Meltzer, Prof., Graduate School of Industrial Admin., Carnegie Mellon Univ., and Chmn., International Financial Institution Advisory Comm. (IFIAC); Jeffrey Sachs, Dir., Center for International Development, Harvard Univ., and Member, IFIAC; C. Fred Bergsten, Dir., Institute for Internat. Economics, and Member, IFIAC; and Charles Calomiris, Paul M. Montrone Prof. of Finance and Economics, Columbia Univ. Grad. School of Bus., and Member, IFIAC.