Knowledge

Background

Recommended resources on the World Bank and IMF 2010

17 February 2011 | Resource

Papers

Energy for our common future – civil society perspectives on the World Bank energy strategy review; Christian Aid
Brings together responses to the World Bank’s energy strategy review by civil society groups in India, Bolivia, Peru and South Africa, including position papers, case studies and alternative approaches.
www.christianaid.org.uk/common-future

(Mis)investment in agriculture; Oakland Institute
Exposes the role of the International Finance Corporation in fuelling land grabs, especially in Africa.
www.oaklandinstitute.org/pdfs/misinvestment_web.pdf

Bottom lines, better lives? Rethinking multilateral financing to the private sector in developing countries; Action Aid, Bretton Woods Project, CRBM, Christian Aid, Eurodad and Third World Network.
Critically examines financing to the private sector by multilateral development banks and presents recommendations for change.
https://www.brettonwoodsproject.org/doc/private/privatesector.pdf

Standing in the way of development? Eurodad and TWN
Critical survey of the IMF’s response to the global financial crisis in 13 low-income countries, finding that macroeconomic flexibility given to countries during the financial crisis has already been reversed.
www.eurodad.org/whatsnew/reports.aspx?id=4083

A roadmap for integrating human rights into the World Bank Group; WRI
Calls for the World Bank Group to integrate human rights standards into its operations.
http://pdf.wri.org/roadmap_for_integrating_human_rights.pdf

Eurozone crisis: eurozone between austerity and default; Research on Money and Finance
Analyses public cutbacks imposed by the IMF and EU across the eurozone and the costs, benefits and social implications of action to break the cycle of debt, as opposed to enduring austerity-induced long-term stagnation.
tinyurl.com/RMFeuro

Why the IMF and the IMS need more than cosmetic reform; South Centre
Argues that the IMF needs to focus on crisis prevention through overseeing the policies of rich countries and that the G20 agenda misses key issues in the reform of the international monetary system to accomplish this.
tinyurl.com/Akyuz-rp32

Social insecurity: The financialisation of healthcare and pensions in developing countries; Bretton Woods Project
Examines IFI and private financial institutions’ often detrimental influence on healthcare and pensions in the developing world.
www.brettonwoodsproject.org/doc/private/socialinsecurity.pdf

 

Books

Debt, the IMF, and the World Bank: Sixty questions, sixty answers; Éric Toussaint and Damien Millet
In an accessible style, it argues that developed economies have systematically exploited the less-developed economies by forcing them into unequal trade and political relationships, often using the IFIs to accomplish their aims. Monthly Review Press; ISBN: 1583672222

The International Monetary Fund in the Global Economy: Banks, bonds, and bailouts; Mark S. Copelovitch
Analyses how IMF policies have evolved over the last 30 years, finding that the confluence of interests of major global powers and private banks heavily influence IMF lending. Cambridge University Press; ISBN: 0521194334

Delusions of Development: The World Bank and the post-Washington consensus in Southeast Asia; Toby Carroll ed.
Examines the Bank’s promotion of a market-led development approach that has led to the co-option and neutralisation of political opposition. Palgrave Macmillan; ISBN: 0230229557

Owning Development – Creating Policy Norms in the IMF and the World Bank; Susan Park ed.
Analyses changing policy processes at the IMF and the Bank in nine areas including gender, debt relief, tax and pension reform. Cambridge University Press; ISBN: 9780521198950

Fondo Monetario Internacional y Banco Mundial – Instrumentos del poder financeiro; Samuel Lichtensztejn
Looks at the theoretical and political trajectory of the IMF and the Bank from a historical Latin American perspective. Universidad Veracruzana; ISBN: 9786075020358

Central Banking and Financialization; Daniela Gabor
Explores how and why Eastern Europe became ‘subprime’ during the financial crisis, with a focus on central bank policy, IMF influence and the example of Romania. Palgrave Macmillan; ISBN: 9780230276154

International Financial Institutions and International Law; Daniel Bradlow and David Hunter ed.
Examines how IFIs abide by and/or evade accountability and argues that they have important responsibilities under international law, including to human rights. Kluwer Law International; ISBN: 9041128816

 

Electronic resources

http://www.globalclimatefund.org
NGO website that gathers comments, ideas and resources to substantiate how a new Global Climate Fund can be consistent with the climate justice perspective.

http://www.triplecrisis.com
Blog on finance, development and the environment with a network of contributor economic analysts from countries in the North and South.