Just two weeks after it published its “World Economic Outlook” in September the Fund admitted some of its figures were out of date and would have to be revised downward. After questions were raised about some country forecasts, fund officials found that “pre-crisis” estimates were used for most of the former Soviet republics. Different parts of the report appear to give conflicting figures.
World Bank & IMF in the news
New collection of critical essays by authors from MENA and Sub-Saharan Africa do a retrospective of the BWIs involvement in the region, and the legacy of BWIs-supported unjust and extractionist world economic order.
Briefing examines the shortcomings of the current SDRs allocation system and calls to reform SDRs to ensure their targeted, needs-based and equitable distribution.