UK still missing the point on IFIs

22 September 2009

Over the summer, the UK government released a policy paper on international development and a very late ‘annual’ report on its activities at the IMF. The policy paper strengthens target setting for the World Bank, but fails to adequately tackle governance, conditionality, human rights, and climate finance. The report on the IMF lacked ambition for further reform, mostly hailing agreements that were achieved by the G20 in 2009. A UK Conservative Party policy paper on development left it unclear whether they would do any better if they form the next government.