Bretton Woods Project - Critical voices on the World Bank and IMF

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IMF—International Monetary Fund

The IMF, an international organisation with 184 member countries, was established in 1944 to promote international monetary cooperation, exchange rate stability, and orderly exchange arrangements; and to provide temporary financial assistance to countries to help ease balance of payments adjustment. Based in Washington D.C. the managing director (traditionally a European national) is Dominique Strauss Kahn; the Fund currently has 2,693 staff from 141 countries; and 75 countries owe the Fund around $34 billion. Its operations include surveillance (of member countries economies and the global economy), technical assistance and financial support. The latter is provided in the form of loans to which conditions are attached. read more background...

Items 1 to 10 of 1027

IMF in a euromess?

News|Bretton Woods Project|3 February 2012|update 79|url

The IMF responds to calls from European leaders to get more involved in the European debt crisis through greater lending to the region, however, the austerity policies being demanded are stoking further criticism from civil society organisations. read article...

Bretton Woods Project Coordinator - application instructions

Recruitment|Bretton Woods Project|23 January 2012|url

Instructions for submitting job applications for Bretton Woods Project Coordinator position - deadline 1700 London time, Tuesday 14 February 2012. read article...

Time for a new consensus Regulating financial flows for stability and development

Report|Peter Chowla|15 December 2011|url
Time for a new consensus

This report explains the drawbacks, especially for development, of policies to deregulate the movement of money across borders, and makes suggestions for a new pragmatic approach to regulation of financial flows to ensure stability and development. read article...

Breaking the Mould How Latin America is coping with volatile capital flows

Report|BWP and Latindadd|15 December 2011|url

Argentina, Brazil and Costa Rica are among the countries that have recently implemented capital account regulations. This report reviews the evidence available on the impact of their measures, providing evidence of the usefulness of capital account regulations not only in achieving financial stability but also in preventing unwarranted appreciation of the exchange rate and increasing monetary policy space. read article...

IMF's focus on austerity proved "wrong, wrong, wrong", say critics

News|Bretton Woods Project|21 November 2011|update 78|url

While Christine Lagarde and staff at the Fund begin to acknowledge that too much austerity is risking jobs and growth and civil society groups call for an end to IFIs policy conditions, IMF programmes continue to promote fiscal retrenchment. read article...

IFIs admit failure to put jobs at the centre

News|Bretton Woods Project|21 November 2011|update 78|url

While the International Labour Organization (ILO) warns of social unrest coming from record unemployment, the IMF and World Bank are being criticised for hindering workers rights and not putting jobs at the centre of recovery. read article...

IMF still divided on gold sales windfall

News|Bretton Woods Project|21 November 2011|update 78|url

The executive board of the IMF continued to disagree, in an early September discussion, on what to do with the $2.76 billion windfall profits from its 2009-10 gold sales. read article...

IFIs macroeconomic policy "anti-growth"

News|Bretton Woods Project|21 November 2011|update 78|url

"Why have the policy tutors performed so miserably and the pupils so brilliantly?", wondered Professor John Weeks of the School of Oriental and African Studies (SOAS) in an October article for Social Europe Journal. read article...

IMF's "trusted advisor" role to be scrutinised

article|Bretton Woods Project|21 November 2011|update 78|url

The IMF's Independent Evaluation Office (IEO) has released an issues paper describing how it will assess whether the IMF has strengthened its 'trusted advisor' role since 2005. read article...

Inflation "obsession" hurting Kenyan growth

News|Bretton Woods Project|21 November 2011|update 78|url

Constraints placed on the Central Bank of Kenya's monetary policy by the IMF have been condemned as damaging to Kenya's growth. read article...

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Recent briefings & reports

Rompiendo el Molde: La regulación de los flujos de capital en América Latina  16 December 2011

Time for a new consensus: Regulating financial flows for stability and development  15 December 2011

Breaking the Mould: How Latin America is coping with volatile capital flows  15 December 2011

The UK's role in the World Bank and IMF: Department for International Development and HM Treasury  18 July 2011

Question time for candidates! Public debate needed for IMF leadership post 10 June 2011

Heading for the right choice?: A professional approach to selecting the IMF boss  6 April 2011


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