The Independent Evaluation Office (IEO) has said that the IMF’s role in Jordan in the period 1989 – 2004 was “moderately successful”. The IEO said the Fund was “important in reinforcing necessary macroeconomic discipline and helping advance key reforms”. Criticisms include the failure to provide “a clear rationale for the magnitude and composition of targeted adjustment”; adopting benchmarks on privatisation “that were not well designed”; and ineffective collaboration with the World Bank in the area of public expenditure policy. One of the key lessons was the need for “alternative policy options”, since short-term quantitative targets which lack analysis of the underlying strategies needed to achieve them “are likely to be unsuccessful”.
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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