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.
This briefing analyses the implications of the strategy proposed by the World Bank for infrastructure financing. It details the type of policies and institutions required to achieve sustainable development.
BWP briefing explores IMF's labour market policies in the context of women in the informal economy and suggests they will not contribute to decreasing inequalities.
UN Independent Expert publishes two reports on the World Bank and IMF human rights performance, finding the institutions must be more than a "fig leaf" for the status quo and step up their human rights commitments.
The Bretton Woods Project published an edited volume on the gendered impacts of some of the most commonly-prescribed macroeconomic policies of the IMF, covering tax, expenditure and labour policies.
BWP briefing explores gender dimensions of IMF’s key fiscal policy advice on expenditure policy in developing countries, focusing in particular on austerity measures.
BWP briefing explores gender dimensions of IMF’s key fiscal policy advice on resource mobilisation in developing countries, in particular on Value-Added Tax.
In a submission the the DFID white paper consultation, we set out the significant change needed at the World Bank and IMF to bring them into line both with international norms and with UK policy, in order to improve their contribution to sustainable development. In this submission we outline changes needed in: IFI governance; IFI conditionality policies; IFI policies related to aid effectiveness; IFI policy on climate change; private-sector finance; and the financial sector's impact on devel
The World Bank and the IMF have responded to complaints about their lack of transparency by issuing mountains of documentation and offering innumerable meetings and consultations. But critics are still not satisfied, pointing to the difficulty for people to find and interpret many of the documents produced, and to the opacity of the institutions’ key decision-making bodies.
Civil society commentary on the 'IMF Staff Note on Macroeconomic Programming for Poverty Reduction'
The aim of this short briefing is to provide information to a non-specialist audience on some key aspects of PRSPs.
Discussion of the key issues to be raised when the Development Committee discusses reforms to the governance structure of the IFIs at the Spring Meetings this April.
This report examines the powerful roles of the World Bank in determining the policies chosen by PRSP countries. It provides a critical assessment of the current moves to introduce Poverty and Social Impact Analysis (PSIA), and recommends taking further action to break the Bank’s near monopoly on development analysis and control of policy formulation process.
US debt campaigners are siding with the Bush administration against European leaders and other NGOs over a key source of finance for the world’s 79 poorest countries. Discussions on the pros and cons of providing grants instead of loans through IDA appear deadlocked (March 2002).
The World Bank and International Monetary Fund appear to have carved out roles for themselves in the “international war against terrorism” through their institutional framework (November 2001).