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 397The Troika setting a "default trap"?Controversy erupted in January after the IMF implied lenders to Greece may need to provide yet more debt relief, while the social and economic sustainability of other Troika (the lending triumvirate comprising the Fund, European Central Bank and European Commission) programmes is still in question. read article... IMF lending in Europe unprecedented, programmes failing Letter to the EconomistThe contradictions revealed by IMF involvement in eurozone bailouts, identified in your article ("Less Cash, More Impact", The Economist, October 5th), reflect a crisis of legitimacy at the Fund. read article... World Bank-IMF annual meetings 2012Analysis, news, and about the events inside and around the World Bank/IMF annual meetings 2012. This page is being updated regularly. read article... IMF's World Economic Outlook admission of flaws creates controversyThe launch of the IMF's autumn 2012 World Economic Outlook (WEO) report stimulated a controversy over economic forecasting during the annual meetings of the IMF by admitting that the Fund's models, used to dictate the terms of bailouts, were flawed. read article... IMF's "incompetence" and "failures" in Europe led to "suffering"The IMF's role as a member of the Troika, the grouping of the European Central Bank (ECB), European Commission and the Fund in the eurozone crisis, is attracting new criticism. Deepening recessions in eurozone nations have brought the efficacy and appropriateness of Troika-led reforms into question. 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... IMF lending politically influenced?The hypothesis that IMF lending is subject to political influence, "cannot be discarded" according to Andrea Presbitero and Alberto Zazzaro in the Autumn 2012 edition of World Development. read article... IMF poverty focus challengedIn the middle of a review of its lending facilities for low-income countries (LICs) and a funding drive for more concessional resources, the IMF is facing criticism over its conditionality and a review of its debt sustainability framework. read article... World Bank rejected by Indian NGOsAn early June statement from 26 social movements and NGOs in India have called the World Bank's plans for civil society consultation on the Bank's country assistance strategy (CAS) for India a "farce". read article... IFI leaders talk jobs, but staff push labour deregulationInternational financial institutions increasingly recognise the negative impacts of austerity on labour markets, however, a disjuncture remains between their public pronouncements and their policies and practice. read article... |
Articles: 3795 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 ResourcesActionAid response to BRICS announcement of development bank 27 March Do we need a mechanism for solving sovereign debt crises? 1 March No to IMF loan, yes to tax justice 27 September IMF executive board concludes discussion of 2011 review of conditionality 17 September Peter Doyle letter of resignation 20 July IMF LICS facilities consultation responses 22 May Update on the Jamaican economy 7 May Enhancing the IMF's focus on growth and poverty reduction in low-income countries 15 April Newswire |
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