Leadership of the IMF and World Bank has been guided by a historical 'gentleman's agreement' between Europe and the United States. What does this agreement entail? And how could it be reformed?
Inside the institutions
The IMF and World Bank continue to be amongst the most relevant and significant powerful norm-setters, convenors, knowledge-holders and influencers of the international development and financial landscape. This Inside the Institutions sets-out some of the most common criticisms of the World Bank and IMF under three broad lenses: democratic governance, human rights and the environment.
This Inside the Institutions looks at IMF surveillance and explores its role in influencing countries' macroeconomic policies .
This Inside the Institutions looks at the role of the World Bank in carbon finance initiatives
This Inside the Institutions looks at how the Parliamentary Network on the World Bank and IMF has facilitated interactions between members of parliament and the Bank and Fund.
This Inside the Institutions looks at the funds available to the IMF and the World Bank, including the origins of IBRD and IFC resources and an overview of the most recent changes in the IMF and IDA’s funding streams and mechanisms.
This Inside the Institutions looks at the World Bank's Independent Evaluation Group, including how it is structured and the different elements of the evaluation process.
This Inside the Institutions examines the recent and ongoing reforms at the IMF and World Bank, and places them in context of existing structures and processes.
This Inside the Institutions looks at the Doing Business report and retraces key steps in its history and development, explains how ratings are calculated and outlines some of the main criticisms regarding its methodology and ideological background.
In the midst of the global financial and economic crisis the IMF amended its lending framework for low-income countries (LICs). It now has three main instruments for LICs – the Extended Credit Facility, the Standby Credit Facility and the Rapid Credit Facility. The three different programmes are subsidised by the newly created Poverty Reduction and Growth Trust (PRGT). The IMF also engages with LICs through non-financial facilities, especially the Policy Support Instrument (PSI) and the St
The country assistance strategy (CAS) is the most important World Bank country-level document: it sets out the indicative level and type of assistance the World Bank Group will provide to a country, usually for a four-year period. The CAS should link a country's development priorities to selected World Bank Group support. It is also intended to promote coordination with other development partners.
While the World Bank has done a lot of work on financial sector reform, the IMF is also a key actor. Since facing criticism over its lack of understanding of financial markets in the wake of the 1997 Asian financial crisis, the IMF has significantly increased its capacity for analysis of the financial sector.
The Bank’s formal commitment to disability work began in June 2002 with the founding of the disability and development team within the social protection unit of the human development vice-presidency. The team’s primary focus is on cooperating at the international level on including the disabled in development.
Three years ago the IMF announced that poverty reduction would be its new priority. A quick look at the composition of IMF staff gives an indication of how well equipped the Fund is to address the multidimensional nature of poverty.
New Bretton Woods Update feature providing readers with an easy-to-understand summary of the Bank’s work on trade, relevant contacts and web information.