Latest IMF guidance on gender issues raises more questions than answers as it opens the door to impact assessments and alternative macro policies.
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Briefing
Gender
Analysis
The World Bank's role in crafting a neoliberal hegemony with a feminist face
The World Bank’s recent gender equality approach constitutes an attempt at establishing a consensus over the regulation of the economy.
Finance
Analysis
The World Bank and the globalisation of housing finance
In prioritising capital market expansion, the needs of the lowest income groups are not being effectively addressed through World Bank interventions.
Conditionality
Analysis
Pro-poor or anti-poor? The World Bank and IMF’s approach to social protection
Stephen Kidd critiques Bretton Woods Institutions' approach to targeted social protection systems, arguing the poor lose out the most.
Conditionality
Analysis
World Bank report on fiscal adjustment in Brazil: questionable analysis; unfair policies
The World Bank’s report on public spending in Brazil raises serious questions about the methodology used and relevance of the report’s focus on fiscal consolidation in light of its own admission that the deterioration of Brazil’s fiscal situation is due principally to the recession.
Conditionality
Commentary
Tunisians take to the streets over IMF-imposed austerity
Despite claiming to no longer support austerity, the IMF has imposed damaging cutbacks on the people of Tunisia as part of its loan conditionality, leading to widespread discontent on Tunisian streets.
Accountability
Analysis
The IMF in insecure fragile states: why being absent should no longer be an option
While there is scope to improve IMF operations in all fragile states, ahead of the forthcoming publication of the IMF IEO review of IMF work in fragile states, there is one fundamental change it must make to transform its effectiveness in fragile states: wherever it is possible, it must be present. No country should be left out.
Private Sector
Analysis
How the Bank’s push for microcredit failed the poor
Originally created to help the poor escape poverty and deprivation, the World Bank became the most important advocate for the commercialised microcredit model. Yet, critics argued it undermined the chances of sustainable and equitable development to create a poverty trap of historic proportions.
Other news
IFI governance
Analysis
Bretton Woods Project submission on the DFID White Paper
In a submission the the DFID white paper consultation, we set out the significant change needed at the World Bank and IMF to bring them into line both with international norms and with UK policy, in order to improve their contribution to sustainable development. In this submission we outline changes needed in: IFI governance; IFI conditionality policies; IFI policies related to aid effectiveness; IFI policy on climate change; private-sector finance; and the financial sector's impact on devel
IFI governance
Analysis
G-7, civil society press for IMF, World Bank transparency reforms
The World Bank and the IMF have responded to complaints about their lack of transparency by issuing mountains of documentation and offering innumerable meetings and consultations. But critics are still not satisfied, pointing to the difficulty for people to find and interpret many of the documents produced, and to the opacity of the institutions’ key decision-making bodies.
Conditionality
Analysis
Comments on ‘IMF Staff Note on Macroeconomic Programming for Poverty Reduction’
Civil society commentary on the 'IMF Staff Note on Macroeconomic Programming for Poverty Reduction'
Conditionality
Analysis
Poverty Reduction Strategy Papers (PRSPs): A Rough Guide
The aim of this short briefing is to provide information to a non-specialist audience on some key aspects of PRSPs.
IFI governance
Analysis
Window of opportunity on IFI governance
Discussion of the key issues to be raised when the Development Committee discusses reforms to the governance structure of the IFIs at the Spring Meetings this April.
Conditionality
Analysis
Blinding with Science or encouraging debate?
This report examines the powerful roles of the World Bank in determining the policies chosen by PRSP countries. It provides a critical assessment of the current moves to introduce Poverty and Social Impact Analysis (PSIA), and recommends taking further action to break the Bank’s near monopoly on development analysis and control of policy formulation process.
Finance
Analysis
Taken for granted? US Proposals to Reform the World Bank’s IDA Examined
US debt campaigners are siding with the Bush administration against European leaders and other NGOs over a key source of finance for the world’s 79 poorest countries. Discussions on the pros and cons of providing grants instead of loans through IDA appear deadlocked (March 2002).
Accountability
Analysis
Bank and Fund take on terror
The World Bank and International Monetary Fund appear to have carved out roles for themselves in the “international war against terrorism” through their institutional framework (November 2001).
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The IMF and Gender Equality: Operationalising Change
Latest IMF guidance on gender issues raises more questions than answers as it opens the door to impact assessments and alternative macro policies.
6 December 2018
The Bretton Woods Observer: Winter 2018
3 October 2018