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”.
After 4 years of on-off negotiation and public opposition, the government of Egypt has signed a loan deal with the IMF whose impacts civil society fears will encroach upon human rights, social protection and social provision, like health and education, upon which the poorest depend.
Investments by the World Bank-hosted Global Financing Facility (GFF) do not reflect the family planning priorities identified by developing countries and local communities. The GFF also continues to suffer from a lack of transparency and meaningful civil society participation, raising doubts about the new mechanism’s effectiveness.
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