News

IFI governance

News

Bank reform: what’s new?

In April the Bank’s Board discussed a progress report on the Strategic Compact: Wolfensohn’s reform package agreed one year ago.

15 April 1998

News

International Finance Guide

A Citizen’s Guide to the Globalisation of Finance outlines current trends, and examines the recent financial crash in Southeast Asia and the potential for a similar crisis in India.

15 April 1998

Finance

News

Private flows slowdown

Private capital flows fell sharply in the latter half of 1997 after having risen in the beginning of the year, as short-term capital flowed out of emerging markets in the wake of the Asian crisis.

15 April 1998

IFI governance

News

South Africa dam claim

The World Bank’s Inspection Panel has received a complaint from residents of Alexandra township, Johannesburg, about “Phase 1B” of the Lesotho Highlands Water Project (LHWP), which involves diverting water from the mountains of Lesotho to South Africa’s industrial heartland.

15 April 1998

IFI governance

News

Sibling rivalry: can the Fund and Bank cooperate?

UK Secretary of State for International Development Clare Short told the Financial Times in April: “We are in a very silly situation. The international institutions are meant to be complementary, but the IMF keeps charging around taking other peoples’ jobs in areas where it is not necessarily competent”.

15 April 1998

Knowledge

News

Bulletin dissects Bank report on the State

The April 1998 Institute for Development Studies Bulletin critiques the Bank’s World Development Report, The State in a Changing World.

15 April 1998

IFI governance

News

Bank builds muscle to deal with crises

The Bank will spend $50m over the next two years recruiting financial sector experts for a new Special Financial Operations unit.

15 April 1998

Infrastructure

News

NT 2 Campaign Packet

The Nam Theun 2 (NT2) Hydroelectric Project is the largest prospective hydropower project in Lao PDR.

15 January 1998

Social services

News

New Education Strategy

The Human Development Department of the World bank is preparing an Education Sector Strategy Paper (ESSP).

15 January 1998

Finance

News

IMF creates new loans to help with financial crises

The IMF has established the Supplemental Reserve Facility (SRF) to provide extra resources to countries with balance of payments problems caused by rapid capital outflows such as those experienced in South East Asia.

15 January 1998

IFI governance

News

NGOWG Restructuring

The NGO World Bank Working Group is in the process of restructuring to become more regional and more representative.

15 January 1998

IFI governance

News

Inspecting the Inspectors

In February the World Bank Board will again review the functioning of the Bank’s Inspection Panel, subject of two new NGO reports.

15 January 1998