The IMF‘s Independent Evaluation Office has completed its first study. It looks at “prolonged use of IMF resources” in countries such as Pakistan, Senegal and the Philippines. Two further studies on fiscal adjustment in IMF-supported programmes and the role of the IMF in recent capital account crises (Brazil, Korea, Indonesia) will be available by Spring 2003. There are concerns that the IEO is adopting a technocratic approach, rather than including views of a broad range of stakeholders. These studies will raise questions but not make recommendations to avoid treading on the IMF Board of Directors’ toes.
Originally created to help the poor escape poverty and deprivation, the World Bank became the most important advocate for the commercialised microcredit model. Yet, critics argued it undermined the chances of sustainable and equitable development to create a poverty trap of historic proportions.
While the World Development Report (WDR) 2018 on education has some redeeming features, it is part of the Bank's longstanding very narrow view of education, and is silent on education financing.
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