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”.
This briefing examines the trajectory of China's evolving leadership in international development finance, including the impact of it's massive increase in development finance for developing countries.
This briefing provides an overview of the immunity of international organisations in US law, looking at a lawsuit brought against the IFC regarding the Tata Mundra coal power plant in India.
Donate to the Bretton Woods Project
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).