In April, the Independent Evaluation Office (IEO) of the IMF released an update of a previous 2005 evaluation of the IMF’s provision of technical assistance (TA). TA is one of the Fund’s three main pillars of activity and is a form of non-financial assistance in which the Fund aims to improve the implementation of economic policies (see Observer Spring 2014). According to the 2014 IEO update there are three areas since the 2005 evaluation that require attention. Highlighting “perceptions of IMF TA being excessively driven by institutional priorities,” the IEO recommended that TA funds need to be allocated so as to ensure that assistance is country-driven in order that TA meets the demands and needs identified by the recipient country. Secondly, the update outlined the need to ensure the quality of TA in the face of increasing TA provision. Finally, it highlighted the need for improvement in the monitoring and evaluation of TA to ensure “a better job of tracking progress on major TA activities and identifying implementation problems and reasons behind shortfalls.”
Originally created to help the poor escape poverty and deprivation, the World Bank became the most important advocate for the commercialised microcredit model. Yet, critics argued it undermined the chances of sustainable and equitable development to create a poverty trap of historic proportions.
While the World Development Report (WDR) 2018 on education has some redeeming features, it is part of the Bank's longstanding very narrow view of education, and is silent on education financing.
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