James Wolfensohn’s disgruntlement that the Poverty Reduction Strategy Process has supplanted his own Comprehensive Development Framework (CDF) is a factor in Masood Ahmed’s, former Vice President for Poverty Reduction and Economic Management, decision to leave the Bank. The PRSP process has apparently superseded the CDF because it involves the IMF as an equal partner. Allegedly, Wolfensohn tried to penalise Ahmed for his involvement in designing the new PRSP process by transferring him to another department, which he declined.
World Bank & IMF in the news
From South Africa to Tunisia, Libya and Egypt, the Bank and Fund have demonstrated they are not appropriate allies to address the scale of the crisis the world is facing, especially, given their record.