Clare Short, UK Secretary of State for International Development, has called in parliament for the reform of the IMF‘s ESAF loans to make them pro-poor. Commenting on the HIPC debt Initiative discussions, she said that it was important that efforts to link HIPC to poverty reduction were complemented by reforms in ESAF programmes to ensure they too supported poverty reduction. UK NGOs are discussing how to take this forward.
The IMF and the World Bank are increasingly engaged with the challenge of addressing how tax avoidance and evasion affect developing countries, but need to address the role played by multinational enterprises and tax havens in exacerbating inequality and undermining countries’ domestic revenues.
The Bretton Woods Project has published a new briefing providing a critical analysis of the IMF's latest work on gender equality. The briefing questions the sustainability of the Fund's new approach to gender equality and reveals that the Fund's analysis so far is limited and inconsistent with the full achievement of women's economic empowerment.
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