The West African nation of Senegal became the first francophone country to sign up to a Policy Support Instrument (PSI), a Fund programme for low-income countries that involves oversight and conditionality but no financing. So far only African countries – Nigeria, Uganda, Mozambique, Tanzania and Cape Verde – have signed up for the programme. NGO ActionAid International issued a policy brief questioning whether the PSI offers a break from the PRGF and enables countries to pursue policies for long-term development and growth. It concludes: “In its two and a half years of existence, the PSI has proven itself to be a continuation of the PRGF … insist[ing] on highly restrictive monetary and fiscal policies and refusing to endorse much-needed state investments in development”.
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.
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