In December the IMF executive board extended the temporary interest waiver on concessional loans to low-income countries (LICs) under the Poverty Reduction and Growth Trust (PRGT), until December 2014.
Yearly Archives: 2013
A forest of failures
A leaked copy of an evaluation of the Bank’s forest strategy criticises the Bank’s failure to address social and environmental goals. Further criticism has also been raised over the Bank’s Forest Carbon Partnership Facility (FCPF).
Recommended resources on the World Bank and IMF 2012
Recommended resources on the World Bank and IMF 2012
Getting its hands dirty
As the World Bank president became more vocal about climate change, concerns remain about the Bank’s involvement in fossil fuels, including projects in Mongolia and Central Asia, and questions have been raised about its accountability for hydro projects in India and Guatemala.
Inspection Panel examines Afghan mining project
The World Bank’s Inspection Panel compliance body received two complaints in December relating to the Sustainable Development of Natural Resources Project in Afghanistan.
IFC jobs study “fragmentary”
The claim that the International Finance Corporation’s investments create jobs was put to the test by the IFC jobs study released in January.
Kim launches first World Bank restructuring salvo
After winning over staff and shareholders in his first six months as World Bank president, Jim Yong Kim launched a publicly unexplained reorganisation of senior management at the Bank in late December, ahead of an expected strategy overhaul and deeper restructuring.
Fund censures Argentina over inflation figures
The executive board of the IMF met in early February to assess Argentina’s progress in addressing the quality of its statistical data on inflation and GDP.
Bankspeak of the year 2012
Every year the Bretton Woods Project celebrates the best specimens of incomprehensible jargon and ridiculous rhetoric issued by World Bank and IMF staff and financial commentators in the cause of IFI business.
ICSID billion dollar cases prompt criticism
The International Centre for Settlement of Investment Disputes (ICSID), an arm of
IFC investments “rarely touch the poor”
Criticism of the International Finance Corporation’s lack of poverty focus has again caught the spotlight, as the IFC continues to fund projects that stretch the interpretation of development.
IFC oblivious to impact of lending to financial sector
An audit of the IFC’s investments in financial intermediaries reveals a lack of assessment of environmental and social impacts.