Finance and debtBank and Fund involvement in financing development and debt creation. The role of World Bank aid and lending in development and reconstruction projects as well as a focus on the Funds' role in the international financial architecture and financial sector reform in borrower countries. Includes: Development finance, capital account liberalisation and capital controls, financial sector reform, International financial architecture, debt and debt arbitration, Heavily Indebted Poor Countries initiative (HIPC), crisis prevention and resolution read more background... Items 1 to 10 of 451Meeting of UK NGOs and Susanna Moorehead, UK Executive Director to the World Bank, and Rachel Turner, Director of International Finance Department, DFID July 2010Notes of the meeting read article... IMF grants Antigua loan amid controversyThe IMF has faced increased political pressure to refuse a $118 million loan to Antigua and Barbuda following the government’s seizure of assets belonging to Allen Stanford, former head of the now fallen Stanford Investment Bank (SIB). read article... Pakistan running from the IFIsThe Pakistani government is facing increased pressure from the IMF to meet the requirements of its financial stabilisation programme, agreed in 2008, including the full implementation of a value added tax (VAT) and specific foreign borrowing targets. read article... The Greek crisis and the involvement of the IMFThe “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 giftsThe 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 austerityThe 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... Governments agree $86.2 billion boost to World Bank capitalShareholder governments have agreed an $86.2 billion boost to the capital that guarantees the lending of the International Bank for Reconstruction and Development (IBRD, the World Bank's middle-income country lending arm). read article... World Bank investment lending reform: pro-poor?In May, the Heinrich Böll Foundation released a critique of the World Bank's investment lending reforms read article... Resistance to Bank's role in climate finance as alternatives gain tractionAs talks aim toward an agreement on climate finance in December in Cancun, fault lines remain about the role of the World Bank. Contradictions in recent Bank lending and contributions to alternative financing mechanisms have fuelled ongoing debates about the Bank’s role. read article... The IMF's framework for low-income countriesIn the midst of the global financial and economic crisis the IMF amended its lending framework for low-income countries (LICs). It now has three main instruments for LICs – the Extended Credit Facility, the Standby Credit Facility and the Rapid Credit Facility. The three different programmes are subsidised by the newly created Poverty Reduction and Growth Trust (PRGT). The IMF also engages with LICs through non-financial facilities, especially the Policy Support Instrument (PSI) and the Staff Monitored Programme (SMP). read article... |
Articles: 2881 Related itemsRecent briefings & reports
IMF mandate needs fundamental rethink 11 May 2010
Fundamental change or more of the same?: A review of G20 progress towards UK civil society recommendations 22 April 2010
Funding the World Bank - The sixteenth IDA replenishment: Major reform must be the price of UK support 13 April 2010
Helping farmers weather risks?: Assessing the World Bank's work on index insurance 23 September 2009
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 Resources2010 Κρίση ευρωζώνης 15 June Europe needs fair and transparent debt work-out mechanisms 11 June Reserves accumulation and international monetary stability 4 June In search of lost revenue 1 June IMF mandate consultation submissions 1 June Sweeping investment lending reforms in the works 10 May Recovery with growth and decent work 1 May Fundamental change or more of the same? 22 April Standing in the way of development? 20 April |
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