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

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World Bank/IMF roles

Debate on the mandates and responsibilities of the Bank and IMF. Includes: Division of responsibilities, reform/abolish debates, mission creep, evaluation bodies, role of the Bank and Fund in conflict-affected countries, IMF/WB/WTO coherence and relations with UN agencies. read more background...

Briefings

Memorandum by the Bretton Woods Project for the UK Treasury Committee Treasury Committee inquiry into the international dimension of the banking crisis

Briefing|30 April 2009|url

There are two major problems which interacted together to cause the crisis: the failure of the financial regulatory and supervisory systems and the failure of the international monetary system. These problems are outlined in written evidence submitted to trhe UK Treasury Committee. read article...

The IMF's special drawing rights (SDRs)

Inside the inst|1 April 2009|update 65|url

The special drawing right (SDR) is an international reserve asset, created by the IMF in 1969 to supplement the existing official reserves of member countries. read article...

Country positions for the London Summit

Briefing|Barbara Sennholz|1 April 2009|url

On April 2 several industrialised and emerging market economies will meet at the London summit. Slowly, the policy positions of participating countries are emerging and give an overview of what might be the outcomes of the meeting. This paper gives an overview of official standpoints of participating countries ahead of the summit on a variety of topics and, taking that into considerations, provides an overview of what is likely to be agreed on in the end. read article...

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

Paper|Put People First|13 June 2009|url

In this paper we assess the outcomes of the London Summit and the UK government's progress towards the 12 recommendations set out by the Put People First platform in March 2009. The G20 London Summit on 2 April 2009 issued "a global plan for recovery and reform". G20 leaders have not yet gone far enough on the fundamental changes the world needs. The communique appears to have made progress on some critical issues but there were also missed opportunities, especially on building a green economy, and some areas where it moves in the wrong direction. read article...

Bretton Woods Project submission on the DFID White Paper

Briefing|Bretton Woods Project|11 May 2009|url

In a submission the the DFID white paper consultation, we set out the significant change needed at the World Bank and IMF to bring them into line both with international norms and with UK policy, in order to improve their contribution to sustainable development. In this submission we outline changes needed in: IFI governance; IFI conditionality policies; IFI policies related to aid effectiveness; IFI policy on climate change; private-sector finance; and the financial sector's impact on development. read article...

Memorandum by the Bretton Woods Project for the UK Treasury Committee Treasury Committee inquiry into the international dimension of the banking crisis

Briefing|Bretton Woods Project|30 April 2009|url

There are two major problems which interacted together to cause the crisis: the failure of the financial regulatory and supervisory systems and the failure of the international monetary system. These problems are outlined in written evidence submitted to trhe UK Treasury Committee. read article...

IMF crisis response- discussion

Minutes|Bretton Woods Project|25 April 2009|url

Notes of a meeting between the IMF and civil society organisations read article...

Policy Support Instrument (PSI) - seminar

Minutes|Bretton Woods Project|24 April 2009|url

Notes of discussion at World Bank Civil Society Forum, 23 April 2009 read article...

G20 Summit and impacts on developing countries

Minutes|Bretton Woods Project|23 April 2009|url

Summary of IMF and World Bank presentations and the discussion afterwards read article...

Spring meetings 2009: communiqués coverage

News|Bretton Woods Project|23 April 2009|url

Coverage of the communiqués from the G24, G7, IMFC and Development Committee at the 2008 Annual Meetings of the World Bank and IMF. read article...

World Bank-IMF spring meetings 2009

News|Bretton Woods Project|23 April 2009|url

This page will be updated regularly with the latest news from the 2009 World Bank and IMF spring meetings read article...

IMF: Bigger but not much nicer

News|Bretton Woods Project|17 April 2009|update 65|url

World leaders agreed at the G20 to treble the size of the IMF's resources, but critics worry about strengthening the Fund without fundamental reform of its governance and conditionality. read article...

Latin America: Return to the IMF or reinforce alternatives?

News|Maria Jose Romero|17 April 2009|update 65|url

Today, Latin American countries are faced with the option of returning to international and regional financial institutions - IMF, World Bank and Inter-American Development Bank (IDB) - or rejecting the failed recipes of the 1990s in order to build and reinforce alternatives that allow them to face the current crisis. read article...

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