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

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SAPs/PRSPs

Bank 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...

Items 1 to 10 of 356

The Greek crisis and the involvement of the IMF

Comment|Elena Papadopoulou|17 June 2010|update 71|url

The “Greek expression” of the crisis has revealed an amazingly broad range of issues not only concerning the structural problems of the Greek economy, but also those of the European Union (EU) as an economic and currency area, and its unwillingness or inability to react to the problem in a timely, meaningful and collective way. read article...

Debt crisis in Europe: Beware IMF bearing gifts

News|Bretton Woods Project|17 June 2010|update 71|url

The descent of Greece into a sovereign debt crisis marks the first time a country that uses the euro has gone to the IMF. The fear of adverse market reaction has now moved Europe towards greater coordination and the G20 to argue against continued fiscal stimulus. read article...

IMF's latest prescription: Cure the crisis with austerity

News|Bretton Woods Project|17 June 2010|update 71|url

The IMF has gone back to promoting fiscal austerity and pressuring governments to implement spending cuts and structural reforms. Austerity also remains at the heart of the Fund's debt sustainability policies. read article...

An IMF for the 21st century - the low-income country perspective Civil society event at the World Bank spring meetings 2010, 22 April

Minutes|Bretton Woods Project|23 April 2010|url

Civil society event at the World Bank spring meetings 2010, 22 April read article...

Fundamental change or more of the same? A review of G20 progress towards UK civil society recommendations

Briefing|Bretton Woods Project|22 April 2010|url

In this review, we assess the progress of the G20, and particularly of the UK government, towards the 12 policy recommendations as set out by the Put People First platform in March 2009 and identify areas where further progress should be pursued in 2010. This review shows that the international community needs to continue to focus on sustainable and equitable policy, by going far further than has so far been contemplated. read article...

Evaluation: World Bank's PSIA contribution to country capacity 'negligible'

News|Bretton Woods Project|16 April 2010|update 70|url

A recent report by the World Bank's Independent Evaluation Group (IEG) on poverty and social impact analysis (PSIA) finds implementation problems and a "negligible" impact on developing country capacity, echoing long standing civil society critiques. read article...

Nordic contributions to IMF trust fund

News|Bretton Woods Project|16 April 2010|update 70|url

The Norwegian government has taken to parliament a proposal for a $450 million contribution to the IMF's poverty reduction and growth trust PRGT. The trust fund holds resources for subsidising IMF lending facilities for low-income countries. read article...

IMF loans: still pinching vulnerable countries where it hurts most

News|Bhumika Muchhala and Nuria Molina|15 April 2010|update 70|url

Recent papers by academics and civil society reveal that the IMF's claims of reform on conditionality do not stand up to close scrutiny. read article...

Farming furore: World Bank launches new agriculture fund

News|Bretton Woods Project|15 February 2010|update 69|url

The Bank’s new multi-billion dollar agriculture trust fund has got off the ground while its recent agriculture strategy signals a renewed attempt to push the controversial policies of the 2008 World Development Report. read article...

IEG calls for overhaul of World Bank's lending criteria

News|Bretton Woods Project|15 February 2010|update 69|url

The withholding of a critical evaluation of the World Bank’s method of allocating lending to low-income countries raises suspicions that the Bank is seeking to avoid public criticism in advance of the upcoming negotiations for replenishment of the Bank’s cheap loan arm. read article...

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Related items

Recent briefings & reports

Fundamental change or more of the same?: A review of G20 progress towards UK civil society recommendations  22 April 2010

IMF financial package for low-income countries: Much ado about nothing? 7 August 2009

The potential development implications of enhancing the IMF's resources 4 August 2009

Beyond the London Summit: Assessing the UK government's response to the financial crisis and charting a way forward  13 June 2009

Bretton Woods Project submission on the DFID White Paper  11 May 2009

Put People First: Ensuring a response to the economic crisis that delivers democratic governance of the economy for jobs, justice and climate  13 March 2009


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