The focus of the IMF‘s internal review of IMF conditionality (see previous Bretton Woods Updates) has expanded in the light of IMF Horst Köhler’s commitment to streamline conditionality and strengthen ownership. The review will now examine the use of conditionality, particularly structural conditionality, more generally, including the role, scope, level of detail, and tools used. Two reports for the Executive Board will be ready by Christmas, these will feed into a revision of the guidelines for IMF conditionality which will be agreed by the Spring Meetings at the end of April 2001.
World Bank & IMF in the news
Despite the World Bank’s commitment to move away from funding coal, a series of loopholes in its financial intermediary lending remain that will continue to allow finance to support coal power projects.