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Critical voices on the World Bank and the IMF
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Debt overhang risks another lost decade and could derail progress on poverty reduction and SDGs
Over 60 per cent of low-income countries and more than 25 percent of emerging market economies are in or at risk of debt distress, and are in danger of being unable to fulfil their fiscal obligations.
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Banking on human capital: Beware unspecified returns
As World Bank prepares to launch its Human Capital Index at the upcoming Annual Meetings in Indonesia, long-standing critiques of Human Capital Theory remain.
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IEG critical of World Bank’s progress on shared prosperity goal
IEG report casts doubt on Bank’s progress on its own shared prosperity goal as civil society raises concerns about Bank’s approach to inclusive growth
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Chinese growth’s contribution to poverty reduction challenges World Bank and IMF neoliberal policies
CEPR report found that two-thirds of extreme poverty during past 25 years took place in China, which did not follow World Bank and IMF neoliberal policies.
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The World Bank’s updated international poverty line, a case of poor measurement?
World Bank updates the International Poverty Line and claims a continued decrease in numbers of poor, but long-standing questions about the methodology used and whether the instrument is fit for purpose persist.
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Education for all?
World Bank president, Jim Yong Kim has put global education on his priority list, however major ideological differences are emerging between education coalitions about whether this should be delivered through a private or public model.
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Frameworks to support IMF policy advice to low-income countries
This event examined financial Sector Surveillance in Low Income Countries – Financial Deepening and Macro-stability Financial Deepening and Macro-Stability
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Talks on Egypt’s IMF loan “still ongoing”
Negotiations on a $4.8 billion IMF loan to Egypt (see Update 83) remain stalled, although Finance Minsiter, Morsy Hegazy reiterated in January that talks are “still ongoing”.
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Bank to review its country classifications
In response to China and India’s graduation from low-income country (LIC) to middle-income country status (MIC), the Bank has decided to review its country classification system.
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World Bank views on poverty “econocentric”
As the World Bank released its latest global poverty estimates, critics warn of the data’s shortcomings and how it compromises the understanding of the issue.
