Parliamentarians from across the globe have signed on to the International Parliamentarians' Petition. They believe that parliamentarians should be the final arbiters of economic decisions. Current practice, however, means they are not. The World Bank and IMF continue to pressure developing country governments to overrule or sideline their legislatures; a far cry from the principles of good governance which the institutions themselves espouse.
Analysis
Conditionality
Analysis
The World Bank policy scorecard: The new conditionality?
The World Bank scorecard on borrowing country policies and institutions plays a key role in the allocation of overseas development assistance. Critics argue that the scorecard is a way to coerce borrowers into adopting the Bank's preferred model of economic development.
IFI governance
Analysis
Development Gateway: biased, unaccountable and overpriced?
A study prepared for the Bretton Woods Project has found that the Development Gateway, an internet portal on development issues initiated by the World Bank, presents a biased picture of development debates, lacks independence and is inefficient when compared with other similar initiatives.
Finance
Analysis
UK and the IMF 2003- 5th annual report to parliament
fifth annual report to Parliament on UK operations at the IMF
IFI governance
Analysis
The World Bank’s knowledge roles: dominating development debates
Since 1996 the World Bank President has emphasised his institution’s roles as a “knowledge bank“. But just as one person’s terrorist is another’s freedom fighter, what some see as knowledge is viewed by others as propaganda for a particular world view.
Rights
Analysis
World Bank, IMF: Helping peace or creating conditions for war?
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.
Rights
Analysis
World Bank, IMF and armed conflicts
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.
Knowledge
Analysis
Leading a horse to water: Is there a role for the IMF in poverty reduction?
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
Rights
Analysis
World Bank social and environmental policies: abandoning responsibility?
The World Bank is planning a controversial major overhaul of its ten social and environmental policies.
Trade
Analysis
Harmonisation and coherence: White knights or Trojan horses?
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.
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'
Featured briefings
3 July 2024
The Bretton Woods Observer: Summer 2024
3 July 2024
Is the World Bank rolling back commitments to citizen engagement, again?
Understanding the Bank’s chequered history with public, community and civil society participation is key for understanding what is at stake and what to do next.
3 June 2024
A way out for IMF reform
New paper analyses the IMF 16th Quota Review and identifies key governance reforms feasible in the current economic and geopolitical context.