The IEO has released the draft issues paper for an evaluation on the relationship between the IMF and its member countries, which will focus on the interaction of staff with member-country officials. Though “the evaluation will not focus on evaluating the specific advice conveyed during the interactions”, it will assess the quality of the interactions. That should leave plenty of scope for the IEO to consider whether Fund staff were on their best behaviour. The evaluation may also include a thematic study on “interacting with civil society and partners, including with donors in a low-income country programme context.” The IEO is taking feedback on the draft before publishing a final issues paper.
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).