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... Items 1 to 10 of 383IMF in a euromess?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... IMF plays "second fiddle" as governments fall in the eurozoneAs the eurozone debt crisis escalates and protests multiply, the IMF increasingly appears side-lined. Italy's calling in of the Fund for "verification" of implementation of its EU-agreed austerity package symbolises the limits of its influence and resources. read article... World Bank-IMF annual meetings 2011Analysis, news, and about the events inside and around the World Bank/IMF annual meetings 2011. This page is being updated regularly. read article... South African loan to Swaziland hinges on IMF conditionsThe crisis-hit government of Swaziland agreed a 2.4 billion rand ($324 million) loan from South Africa in August, which will be conditioned on the adoption of IMF-recommended fiscal reforms. read article... Ukraine protests against IMF policiesIn early July, thousands of protesters took to the streets in the Ukrainian capital Kiev to try to block pension reforms promised as part of the country's IMF loan. read article... IMF advice accused of risking new recessionSince the financial crisis, the IMF's rhetoric has tried to be nuanced about austerity policies and the need to stimulate growth, but critics says its actions risk pushing the world back into recession and hurting workers. read article... Bondholders vs the public: Outcry over IMF-EU eurozone loansThe sovereign debt crisis in the eurozone, where Greece now needs a second round of loans, threatens major economies like Spain and Italy, but IMF-backed lending packages that demand deep austerity with insufficient attention to lenders' responsibilities anger the public. read article... IMF's European austerity drive goes on despite failures and protestsThe IMF programme in Portugal highlights the heavy conditionality attached to loans. Meanwhile, a big, and very public, fight is brewing over debt in Greece, where the IMF denies any problems. read article... IMF consultation on the 2011 review of conditionalityMinutes from a 4 May 2011 consultation in London between civil society organisations and IMF staff. read article... Debt and austerity - from the global South to Europe Summary of a global gathering in AthensIn early May, more than 400 activists in Greece and campaigners and academics from across the world met in Athens to confront the current debt crisis of the European periphery and plan international solidarity and coordinated action against fiscal austerity imposed by governments. read article... |
Articles: 3342 Related itemsRecent briefings & reports
The IMF's new conditionality: Crafting change, lessons from Eastern Europe 18 February 2011
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 ResourcesPonto da situação 26 January IMF should stay out of the eurozone crisis 22 January Does the EU-IMF owe Ireland an apology? 12 January Greece's PSI is dead on arrival 11 January Raised rents and easier evictions 9 August World Bank P4R policy paper 8 August Greece medium term programme 15 July How the IMF plans to deregulate wages and labour markets of the euroarea 15 June IEO research evaluation 8 June Newswire |
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