Many borrowers are turning away from the Bank, resulting in loans being repaid faster than new ones can be disbursed. Outstanding loans have dropped to a six-year low. But because of the repayments, the Bank has amassed the largest reserves of financial resources in its history. In recognition of this, and to get loan volumes up, it is starting to lower the fees it charges borrowers. Critics say the turnabout in financial performance has more to do with overstating its financial risks in 1998 as it sought to increase fees than with current performance.
As India has risen in the World Bank's Ease of Doing Business rankings, it has seen other key development indicators slip.
New IMF gender guidance opportunity for civil society to keep its staff to account.
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