Recent involvement in countries such as Afghanistan and Iraq has put World Bank and IMF post-conflict operations in the spotlight. While some believe multilateral finance is essential, others argue that the Bank and the Fund are acting primarily as pawns of powerful diplomatic and economic interests.
Recent involvement in countries such as Afghanistan and Iraq has put the World Bank and the IMF work post-conflict in the spotlight, with serious implications for their mandates and work methods.
Many observers were sceptical when a few years ago the IMF embarked on a mission to respond to the "cries of the poor", in the words of its then head Michel Camdessus
The World Bank is planning a controversial major overhaul of its ten social and environmental policies.
In recent months, the World Bank has been leading the charge to increase the harmonisation of donor policies and further coherence between the Bank, the IMF and the WTO.
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.
Civil society commentary on the 'IMF Staff Note on Macroeconomic Programming for Poverty Reduction'
The aim of this short briefing is to provide information to a non-specialist audience on some key aspects of PRSPs.
The World Bank and IMF are making an audacious grab to consolidate their roles as judge and jury of countries’ policies with a plan to conduct “regular reporting on the implementation of the policies and actions for achieving the MDGs and related development outcomes”.
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.
The IMF says that streamlining will make conditionality more efficient, effective and focused. Careful scrutiny suggests there is still plenty to question in the new approach.
Blinding with Science or Encouraging Debate?