The Independent Evaluation Office (IEO) has released a draft issues paper for a planned evaluation of the Fund’s role in determining aid resources in sub-Saharan Africa. The evaluation, which should be of keen interest to civil society organisations, will look at the Fund’s: country dialogue, assessment of countries’ ability to absorb aid increases, use of alternative macroeconomic scenarios and advice on managing aid volatility. The desk review will look at the 29 African countries with Poverty Reduction and Growth Facilities programmes, while field visits will be undertaken in six countries. Comments on the draft issues paper may be sent to the IEO.
The IMF’s role in the determination of the external resource envelope in SSA countries, Joanne Salop
In the news
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.
Last year BRICS' leaders agreed to launch a BRICS development bank. Whether this is considered positive depends in part what questions are being asked. Sameer Dossani of ActionAid International highlights the flaws in the World Bank and IMF, analyses whether a BRICS Bank could be different from these institutions and proposes what it should do and what it should look like.
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).