IFI governance

News

IEG: Está débil el monitoreo del Banco Mundial

9 December 2008

El Grupo de Evaluación Independiente (IEG) encontró que el 80 por ciento de los proyectos fueron moderadamente satisfactorios o tuvieron una mejor calificación en la consecución de sus objetivos, y con ello lograron la meta de desempeño del mismo Banco. Sin embargo, también encontró que "muy pocos programas están produciendo los resultados de la buena práctica".

Conditionality

Commentary

The World Bank, the IFC and the antecedents of the financial crisis

The financial crisis seemed to come out of the blue, but Paulo dos Santos of the University of London argues that the ground was laid by financial sector privatisation, liberalisation and deregulation. Far from these trends being confined to the rich world, the World Bank and the IFC have played a key role in pushing these policies throughout emerging markets, exposing them to the fallout of the financial crisis.

27 November 2008 | At Issue

Finance

News

International economic architecture: cleaning up the mess?

The G20 group of large economies met in Washington on 15 November to discuss reform of the international economic architecture, but the summit failed to live up to the 'Bretton Woods 2' label some had given it. As the economic crisis continues to unfold, pressure for fundamental change to rebuild and repair the crumbling financial and economic architecture can only continue to grow.

27 November 2008

Land

News

Financial and food crises

While food commodity prices have dropped from their peaks earlier in the year, the role financial liberalisation played in causing the crisis and whether it can help resolve it are still being debated.

27 November 2008

IFI governance

News

IEG evaluation of World Bank TA limited

The recently released IEG evaluation Using Knowledge to Improve Development Effectiveness, examining the Bank's economic sector work (ESW) and non-lending technical assistance (TA) between 2000-2006 presents a limited review.

27 November 2008

IFI governance

News

IFI governance reform: rumbling slowly on?

Minor changes to World Bank governance were agreed at this year's annual meetings, with a timetable for further reform that could stretch to 2011. As pressure grows for fundamental reform of the international financial architecture, it is unclear whether this process will continue, and if the issue of IMF governance will be reopened.

27 November 2008

Infrastructure

News

Indian environment ministry rejects Climate Investment Funds

The Indian ministry of environment and forests rejected the World Bank's recently finalised climate investment funds (CIFs), a snub that may prove damaging, since India would have been a significant client.

27 November 2008

IFI governance

News

World Bank monitoring weak

This September's Independent Evaluation Group (IEG) Annual Review of Development Effectiveness (ARDE) highlights weaknesses in Bank monitoring and evaluation systems and provides worrying evidence that the Bank is not structured to work effectively on global public goods.

27 November 2008

Environment

Background

International financial architecture

National and international financial bodies frequently overlap both in function and membership. Below are some of the main regulatory or influential bodies within the financial system. In most, the IMF is a participant, and in some, a central player.

27 November 2008 | Inside the institutions

Background

Your support of the Bretton Woods Project is crucial

With the system of global economic governance in crisis, there has never been a more crucial time for the Bretton Woods Project to work for change that puts poverty, human rights and the environment at its heart.

27 November 2008

Environment

News

Dam wrong

A forthcoming World Bank commissioned book on large dams stresses their purported economic benefits whilst inadequately addressing serious social and environmental costs. The book is a further indicator of the Bank's preference for large dams.

27 November 2008

IFI governance

News

New international economic architecture

The financial and economic crises have brought out a plethora of ideas for reforming the international financial architecture. Below, we highlight a few of the many different blueprints.

27 November 2008

Finance

News

Awash with cash or hard up?

As economies slump across the world, the World Bank and the IMF are looking to pump out cash, but while the Bank

27 November 2008

Conditionality

News

Back from the dead

A few months ago pundits were calling time on the Fund, but the financial crisis' impact on emerging markets has brought it roaring back to life, with its usual dose of austerity and conditionality.

27 November 2008