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

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Knowledge

Examines the World Bank's role as a self-proclaimed "knowledge bank". Questions IFI's knowledge biases as well as providing critical analysis of the bank's development effectiveness and its new Information and Communications Technologies initiatives, such as the Development Gateway. Includes: Technical assistance, development gateway, World Development Reports, media, global public goods, research, poverty measurement, 'results' agenda read more background...

Briefings

Dollars, devaluations and depressions How the international monetary system creates crises

At Issue|Peter Chowla, Barbara Sennholz and Jesse Griffiths|23 September 2009|update 67|url

The international monetary framework which emerged after the collapse of the Bretton Woods system in the 1970s has proved volatile, damaging and prone to crises. It is time for a fundamental redesign and the introduction of a global reserve currency, to help stabilise international exchange rates, smooth commodity prices, promote international economic cooperation, and prevent future financial crises. read article...

The World Bank, the IFC and the antecedents of the financial crisis

At Issue|Paulo dos Santos|27 November 2008|update 63|url

The 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...

Africa and the making of adjustment How economists hijacked the Bank's agenda

At Issue|Howard Stein|29 September 2008|update 62|url

Development economist and professor of African studies Howard Stein examines the evolution of policy in the Bank, focusing on how economists became hegemonic. In this essay he details the origin of structural adjustment, tracing its roots back to a set of neoliberal economists who gained influence at the Bank in the late 1970s. read article...

Items 1 to 10 of 265

Burning controversy over Bank and environment

News|Bretton Woods Project|20 November 2009|update 68|url

Hot on the heels of the start of its energy strategy review the Bank has launched a review of its 2001 environment strategy but continues to come under fire over its green record. read article...

Please nominate 2009 best Bankspeak and resources

News|Bretton Woods Project|20 November 2009|update 68|url

Continuing a much-heralded tradition at the Bretton Woods Project, the first issue of 2010 will feature 'Bankspeak of the year' and 'resources of the year'. read article...

IMF pours cold water on monetary reform

News|Bretton Woods Project|20 November 2009|update 68|url

As academia and NGOs call for reform of the international financial architecture, the international monetary system is the focus of scrutiny. Support for capital controls and a financial transaction tax has met resistance from the IMF. read article...

Leopard about to change its spots? IFIs debate role of financial sector

News|Bretton Woods Project|20 November 2009|update 68|url

The financial crisis has divided perceptions within the IFIs about the role of the financial sector in development. While some parts of the World Bank and IMF highlight the merits of small banks, others continue to push globalised finance. read article...

The IMF and protectionist trade policies: What does the record of the past 15 years tell us? Istanbul, 2 October 2009

Minutes|Bretton Woods Project|9 October 2009|url

Seminar on the IEo evluation of IMF trade policy advice in Istanbul, 2 October 2009. read article...

Report launch: Post-crisis growth in developing countries Growth Commission, Istanbul, 4 October

Minutes|Bretton Woods Project|4 October 2009|url

Growth commission event in Istanbul. read article...

World Bank-IMF annual meetings 2009

News|Bretton Woods Project|4 October 2009|url

Analysis, news, and about the events inside and around the World bank/IMF annual meetings 2009. This page is being updated regularly. read article...

Dollars, devaluations and depressions How the international monetary system creates crises

At Issue|Peter Chowla, Barbara Sennholz and Jesse Griffiths|23 September 2009|update 67|url

The international monetary framework which emerged after the collapse of the Bretton Woods system in the 1970s has proved volatile, damaging and prone to crises. It is time for a fundamental redesign and the introduction of a global reserve currency, to help stabilise international exchange rates, smooth commodity prices, promote international economic cooperation, and prevent future financial crises. read article...

Evaluating Fund research and crisis approach

News|Bretton Woods Project|22 September 2009|update 67|url

Over the summer the Independent Evaluation Office of the IMF issued two draft issues papers for feedback on its planned evaluations of the IMF's research and the performance in the run-up to the financial crisis. read article...

Bank urged to improve municipal management

News|Bretton Woods Project|22 September 2009|update 67|url

In June, the Independent Evaluation Group released a study on World Bank experience in improving municipal management, finding that the MDPs led to better financial management, municipal information systems and procurement procedures, but were weak regarding monitoring and evaluation, operations and maintenance, private finance for municipal services, and, most crucially, failed in most cases to integrate poverty alleviation into their objectives. read article...

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