IMF staff are discussing whether to release for external consultation a draft staff Guidance Note on its Poverty Reduction and Growth Facility. The note covers programme ownership; collaboration with the World Bank; social impact analysis; use of aid resources; public resource management; pro-poor budgets and more selective use of conditionality. In recent discussions with NGOs the IMF has been keen to emphasise that it will streamline its conditionality on PRGF loans to focus on a few key macroeconomic criteria and on essential structural reforms important for macroeconomic stability.
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New Bretton Woods Project report reveals World Bank Group channelling crucial development resources to banks instead of directly investing in pro-poor projects.
In December 2013, the German Development Institute, Friedrich-Ebert-Stiftung and Bretton Woods Project, in collaboration with the G-24, hosted a high-level workshop in Berlin to foster an open exchange on the profound changes in the global economy and the implications for global economic governance and its constituent institutions and members.
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).