The April 1998 Institute for Development Studies Bulletin critiques the Bank’s World Development Report, The State in a Changing World.
News
IFI governance
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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.
Knowledge
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Knowledge report discussions
The Bretton Woods Project is about to be sent the yellow cover draft of the Bank’s 1998 World Development Report.
Conditionality
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ESAF review: new IMF strategy urged
More flexibility and a new approach was suggested in the external review of the Enhanced Structural Adjustment Facility (IMF loans to poorer countries) published in March.
IFI governance
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IFC slammed by Anthropologists Association
In April Jane Hill, President of the American Anthropological Association, wrote a strong letter to Bank Group President James Wolfensohn and Carol Lee, IFC Vice President and General Counsel.
IFI governance
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Policing the policemen
The IMF has been urged to be more transparent and accountable by a US Study Group convened by the Centre of Concern, and by the UK Chancellor.
Environment
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NGOs debate IDA issues
The IDA Deputies - government officials who negotiate the refinancing of the World Bank’s International Development Association concessional lending arm - have met twice to discuss the policy framework for future IDA lending.
Finance
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Preventing private sector debt crises
In addition to extending the IMF’s role, its governors have been examining measures to prevent future financial sector crises.
Environment
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MIGA pressed to reform
Friends of the Earth US and other NGOs wrote to their government representatives in April to stress that the donor discussions about providing more money for MIGA should talk about reforms first and about shifting the portfolio away from mining and fossil fuel projects such as the controversial Lihir Island goldmine in Papua New Guinea.
Knowledge
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Stiglitz questions outdated “Washington consensus”
Giving the WIDER annual lecture in Helsinki the World Bank Chief Economist called for a…
Rights
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IMF PR tour
The IMF is holding a meeting in late May in Ghana to explain its strategy to NGOs there.
Knowledge
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CAS analysis improves, but still limited
The quality of Bank country assistance strategies (CASs) has improved in the last two years, concludes a recent Bank review.
