Middle East and North AfricaBahrain, Djibouti, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Palestine, Qatar, Saudi Arabia, Syria, United Arab Emirates, Yemen; Algeria, Egypt, Libya, Morocco, Tunisia. read more background... Items 1 to 10 of 30'Undesirable' Red-Dead canal deemed "feasible"The Bank's public consultation on its $9.97 billion 'Red Sea - Dead Sea Water Conveyance' project, which aims to "save the Dead Sea from environmental degradation" and increase hydro-power whilst building "a symbol of peace", ended in March. read article... Turkey to repay IMF debts by AprilThe Turkish prime minister, Recep Tayyip Erdogan, declared in September that "we will cut it [our $1.3 billion IMF debt] to zero by next April", according to Anatolia News Agency. read article... The IMF in Egypt: revolution or coming full circle?The Egyptian government has finally concluded an initial loan agreement with the International Monetary Fund (IMF) following two years of continual negotiations. read article... No strings attached? Egypt to get billions in foreign aid subject to IMF conditionalityEgypt has been in talks to get over $11 billion in foreign aid, of which at least $7.5 billion will be contingent on IMF approval, sparking concerns from activists over policies likely to be imposed by the Fund, just as it has ended its conditionality review. read article... Red Sea - Dead Sea project: World Bank intentions questionedThe Inspection Panel (IP), the Bank’s compliance body, issued a report in March considering “legitimate” environmental and human rights concerns regarding the Bank’s feasibility study for a project to channel water from the Red Sea to replenish the Dead Sea. read article... Egypt to agree IMF loan despite oppositionEgypt's interim government announced in February that they expect to sign a $3.2 billion loan deal with the IMF and state-media reported that negotiations are underway for a $1 billion loan from the World Bank. read article... IMF loan to Egypt branded as "odious"Social movement Popular Campaign to Drop Egypt's Debts has spoken out against Egypt's military government agreeing to a $3.2 billion IMF loan. read article... Arab civil society rejects IFI involvementIn late June the Egyptian Ministry of Finance turned down a $3 billion loan package from the IMF, citing the rejection as a response to "public debate". read article... Red-Dead sea plan in hot waterThree civil society groups have filed a complaint with the World Bank's Inspection Panel, its complaint mechanism, over the Bank's feasibility study for a project to channel water from the Red Sea to replenish the Dead Sea. read article... Rehash of failed policies for Arab states?As revolutionary movements sweep the Arab world, the World Bank and the IMF have taken a lead in international economic engagement in the Middle East and North Africa region. But critics have warned of the dangers of locking transitional governments into long-term loans with economic conditionalities that may perpetuate the flawed development model that contributed to the crisis in the first place. read article... |
Articles: 3798 Related itemsRecent briefings & reports
Climate Investment Funds Monitor 7: April 2013 25 April 2013
Working paper: The private sector and climate change adaptation: International Finance Corporation investments under the Pilot Program for Climate Resilience 24 April 2013
The UK's role in the World Bank and IMF: Department for International Development and HM Treasury 13 March 2013
World Bank on jobs: a "significant departure" or "business as usual"? 13 February 2013
The World Bank and industrial policy: Hands off or hands on? 6 December 2012
Climate Investment Funds Monitor 6: October 2012 26 October 2012 ResourcesTunisia World Social Forum to blast austerity 26 March Sources claim IMF unhappy with reform program 7 March Red Sea - Dead Sea Water Conveyance Study Program 15 January Letter to IMF from Egyptian parties, NGOs, syndicates and political movements 11 November Power to the people II 21 May World Bank acknowledges failures in Red Sea - Dead Sea channel project 8 March Interim government obtains loans four times as much as those during Mubarak's time 20 January Drop Egypt's Debt 15 January The Demands for New Development Models at the Center of the Peoples' Revolutions in the Arab Region 27 December |
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