SAPs/PRSPsBank and Fund structural adjustment programmes (SAP's) often required dramatic reform of a borrowing country's economic policy. The successor to SAPs, the Poverty Reduction Strategy Paper (PRSPs) set out a country's macroeconomic, structural and social policies to promote growth and reduce poverty. These comprehensive strategies for reform are necessary for World Bank loans or lending by the fund under the poverty reduction and growth facility (PRGF). Includes: conditionality, structural adjustment lending, Structural Adjustment Participatory Review Initiative (SAPRIN), Poverty and Social Impact Assessment (PSIA), PRGF, letters of intent read more background... BriefingsIMF financial package for low-income countries: Much ado about nothing?This briefing analyzes announcements made at the end of July by the IMF regarding the level of their financial commitments to low-income countries (LICs) and finds them wanting in relation to the size of new resources, the flexibility of conditionality, and the imrpovements needed to SDR allocations. read article... The potential development implications of enhancing the IMF's resourcesIn April 2009, the G20 group of leaders committed $1.1 trillion to combat the financial crisis, with the bulk of this being channelled through the International Monetary Fund (IMF). However, this substantial amount of resources may never be provided, and if it is, may not have the intended positive effect on developing countries. Experience so far demonstrates that the IMF is still imposing damaging pro-cyclical conditions on some borrowers, and that the finance provided to low-income countries will be too small. read article... The World Bank, the IFC and the antecedents of the financial crisisThe 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. read article... Items 1 to 10 of 342Progress on Bank transparency?The World Bank's draft disclosure policy, published in October, marks a significant step forward in Bank transparency but has been criticised for excluding key information from public access. read article... IMF lending programmes: old wolf in sheep's clothing?The debate over IMF conditionality heats up as data comes in about IMF programmes; economic turmoil continues in countries such as Latvia and Ukraine, which face stern IMF demands. read article... CSO Townhall meeting Istanbul, 2 October 2009Notes from the CSO townhall meeting with Dominique Strauss-Kahn and Robert Zoellick read article... The IMF: Change we can believe in? Istanbul, 5 October 2009The IMF: Change we can believe in? Notes of a civil society meeting in Istanbul. Speakers include Joseph Stiglitz, Andrew Kumbatira, Caroline Atkinson, and Bhumika Muchhala. read article... World Bank-IMF annual meetings 2009Analysis, news, and about the events inside and around the World bank/IMF annual meetings 2009. This page is being updated regularly. read article... Meeting on the World Bank between UK NGOs and Douglas Alexander, Secretary of State for International Development 16 September 2009Minutes of a meeting between Douglas Alexander, Secretary of State for International Development, and UK NGOs, 16 September 2009 read article... IMF advice paradox increase social spending, but contain deficitsDuring the last year, endowed with record funding and painted by the G20 as the 'saviour' of crisis-hit developing countries, the IMF has embarked on a public relations offensive to prove that it has changed its traditionally austere policy advice and conditions and has become 'more flexible'. read article... IMF's absurd demands on NicaraguaNicaragua complained in July that the IMF made "absurd demands" when it asked the government to eliminate all tax exemptions on non-profit entities. read article... Bank's conditions still problematic in Latin AmericaWorld Bank lending has increased dramatically in Latin America, but an analysis of the conditionalities attached show that the Bank is still pushing its traditional harsh macro-economic framework, despite the changes in policy that the crisis has brought to the rest of the world. read article... Rebranding hides little change for IMF lendingThe IMF has launched a rebranding exercise for all of its lending to low-income countries, and while the new facilities will deliver more resources, the money seems destined to come with the usual damaging conditionality attached. read article... |
Articles: 2687 Related itemsEvents
ResourcesThe IMF, the global crisis and human resources for health 21 January The deadly ideas of neoliberalism 15 December CEPR responds to the IMF's reply 22 October IMF-supported macroeconomic policies and the world recession 5 October A new architecture of facilities for low-income countries 22 September The impact of the global financial crisis on the economy of Sierra Leone 15 September Review of recent crisis programs 14 September IMF provides $510m loan for Zimbabwe amid worries that Mugabe party will grab funds 14 September Responsive design and streamlined conditionality in recent low-income country programs 10 September IMF reforms financial facilities for low-income countries 29 July Newswire |
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