Background

Background

International Monetary and Finance Committee

This is comprised of IMF governors. It meets twice a year and is the political governing body of the IMF.

6 September 2005 | Glossary

Background

Global Environment Facility

This helps developing countries address global environmental challenges and meet their obligations in this area.

6 September 2005 | Glossary

Background

ESAF-HIPC Trust

The trust for special ESAF operations for the Heavily Indebted Poor Countries (HIPC) and Interim ESAF operations. The trust was established in February 1997 to channel special assistance to eligible HIPCs.

6 September 2005 | Glossary

Background

Civil Society Organisation

Civil society covers the space between the activities of the state and the market. Organisations within civil society range from church groups to environmental pressure groups to local credit collectives and trade unions.

6 September 2005 | Glossary

Background

Balance of Payments

An overall statement of a country's economic transactions with the rest of the world over some period of time, consisting of the current account, capital account and changes in official foreign exchange reserves. This BOP can also refer to the difference in total receipts and expenditure for any category.

6 September 2005 | Glossary

Background

How does the World Bank operate?

The World Bank is the largest public development institution in the world, lending around US$ 25 billion a year to developing countries. The main purposes of the Bank, as outlined in Article One of its Articles of Agreement, are: "to assist in the reconstruction and development of territories of members by facilitating the investment of capital for productive purposes" and "to promote the long-range balanced growth of international trade and the maintenance of equilibrium in balances of payments by encouraging international investment ... thereby assisting in raising the productivity, the standard of living and conditions of labour in their territories".

23 August 2005 | FAQ

Background

How does the IMF operate?

The IMF was conceived primarily as a supervisory institution to promote international monetary cooperation and facilitate the growth of international trade. This is to be achieved through maintaining monetary exchange stability and assisting member countries who are experiencing balance of payments problems.

23 August 2005 | FAQ

Background

What is the World Bank Group?

The World Bank Group is made up of five institutions, four of which were created after 1944, all sharing a similar mandate of reducing poverty and facilitating economic growth in developing countries. The original institution is the International Bank for Reconstruction and Development (IBRD), often simply known as the World Bank. Other institutions have been added: the International Development Association (IDA); the International Finance Corporation (IFC); the Multilateral Investment Guarantee Agency (MIGA); and the International Centre for the Settlement of Investment Disputes (ICSID).

23 August 2005 | FAQ

Environment

Background

Highlights of meeting between Tom Scholar and UK NGOS

Highlights of meeting between Tom Scholar and UK NGOS

28 June 2005 | Minutes

IFI governance

Background

The executive boards of the World Bank and International Monetary Fund (archive)

contribution from Tom Scholar, UK executive director to the World Bank and IMF

13 June 2005 | Inside the institutions

Environment

Background

UK NGO meeting with executive director Tom Scholar: uncorrected highlights 4 April 2005

Minutes of Spring meeting with Tom Scholar and UK NGOs in London

28 April 2005 | Minutes

Infrastructure

Background

IFC consultation with civil society on the safeguard review

Highlights of the IFC consultation with civil society on its revision of the WBG environmental and social safeguards

22 April 2005 | Minutes