The Fund takes to micro-management in Zambia to ensure compliance with belt tightening measures, threatening civil unrest.
the World Bank is not serious about the social and environmental policies it trumpets at global conferences. Senior World Bank staff in its India office indicated that they neither know nor care about procedures that are supposed to make its infrastructure lending socially responsible. This represents institutional hypocrisy.
The most incomprehensible use of words in a Bank document or speech. The fog of development.
Statement by two Indian human rights group urging the World Bank not to approve a major loan to the state of Andra Pradesh on 16 December. The statement outlines many problems with human rights and governance in the state and argues that a loan at this time of crisis and instability would embolden the government to continue with its repressive policies, while civil society groups would not be in a position to criticise improper utilization of the loans.
Around the world, when politics and money prevail, the environment is the last issue considered.…
The myths of Poverty Reduction Strategy Papers - that they are nationally owned, pro-poor, and poverty-reducing - should be debunked.
A recent paper from the IMF on financial integration may turn out to be a pleasant surprise for its critics.
Despite World Bank involvement, the Chad Cameroon petroleum project has confirmed that under authoritarian regimes there is a fundamental incompatibility between poverty alleviation objectives and oil exploitation activities.
Mulima Kufekisa Akapelwa, Economic Justice Programme Coordinator for the Catholic Centre for Justice, Development and Peace, says that IMF-forced privatisation leads Zambians to ask who their government answers to.
Terminology would be simplified accordingly by discontinuing the use of special names and acronyms for sectoral adjustment loans (SECALs), structural adjustment loans (SALs), rehabilitation loans (RILs), and programmatic structural adjustment loans/credits (PSALs/PSACs).
This page contains a guide to key documents which outline UK policy in the World Bank and IMF.