Examines representation and power issues relating to the IMF’s Board, staff and management. Identifies and discusses reform proposals.
The reality behind the Comprehensive Development Framework and Poverty Reduction Strategy Papers (2000).
Two forces for change have converged on the IMF in recent years. The first is in relation to the financial crisis that swept across the globe in 1997 and 1998. The second has arisen from the pressure for debt cancellation to be linked to poverty reduction objectives and the acceptance that structural adjustment policies have failed to achieve lower levels of poverty.
The Bretton Woods Project welcomes the establishment of an EVO.
Short note outlining concerns about the International Finance Corporation’s attempt to redefine its strategy. The new strategy ducks the key issue of how the IFC can use its leverage to improve companies’ social and environmental peformance. (February 1998)
Explains and examines the World Bank Group’s approach to supporting private investment in developing countries through privatisation, guarantees and lending. Outlines critical perspectives on whether the Bank’s strategy will lead to poverty reduction and sustainable development (March 1997).
An introduction to the new Bank and Fund Poverty Reduction Strategy Papers.
Bretton Woods Project-commissioned riposte to the World Bank’s World Development Report, The State in a Changing World. (March 1998).
In the light of the financial crisis in South East Asia and the traumur this brought to many people’s lives in the region it was anticipated that the executive directors of the international monetary fund would discuss a proposal to extend the IMF’s articles of agreement so that it can pursue capital account liberalisation in member countries.
The World Bank’s World Development reports are written and marketed giving the impression that they convey broadly held views and contain objective research. Many civil society organisations feel, however, that they are selective and biased and that the Bank sees them largely as a tool for self-promotion and self-justification. Outlines proposals for clarifying and improving this situation (April 1998).
This paper considers whether private sector flows is an effective alternative to development assistance. It examines the implications of increased private sector inflows in terms of the potential to create unsustainable debt burdens and to tie the hands of policy makers to a limited set of policies critical for foreign investors but potentially detrimental to the domestic economy.
In January 1999, Wolfensohn revealed the Comprehensive Development Framework, which frames his agenda for the Bank. This is a short examination of some of the issues raised by this announcement (July 1999).