A US Congress commission, which reported in March, called for major cut backs in World Bank and IMF activities.
International Monetary Fund (IMF)
Finance
News
IMF changes its tune on capital controls
A new report from the IMF, Country Experiences with the Use and Liberalization of Capital Controls, reviews experience with the use of capital controls in 14 countries and provides detailed studies of the experience of the use of controls in Chile, India and Malaysia.
IFI governance
News
Danger US Right wing will dominate reform agenda
The Meltzer Report has renewed fears that the debate on International Financial Institution (IFI) reform will be heavily skewed towards right-wing interests.
Finance
News
UN Finance for development conference
It has been agreed that a high level United Nations meeting on Finance for Development will be held in 2001 involving political decision-makers at least at the ministerial level.
Conditionality
News
UK ED quizzed on UK role in Bank and Fund
In October UK Executive Director Stephen Pickford was called before the Treasury and International Development Select Committees for questioning by MPs.
Conditionality
News
IMF crisis conditions reviewed
A new review of IMF conditionality will assess the conditions applied to financial crisis countries, and recommend future approaches.
Accountability
News
IMF halts Russia loans during Chechnya crisis
In December the IMF halted loans to Russia as the war in Chechnya reached crisis point.
IFI governance
News
Gold tied to IMF evaluation
US congress has agreed a proposal to revalue IMF gold to fund the HIPC Debt Initiative on the condition that the money earned is not used to refinance ESAF (now renamed the Poverty Reduction and Growth Facility - PRGF).
Conditionality
News
Southern organisations demand end to adjustment
Organizations and activists in more than 20 Southern countries have launched a campaign against the destructive lending policies of the World Bank.
WB/IMF roles
News
Demystifying the IMF
Friends of the Earth-US has produced a handbook on the IMF.
WB/IMF roles
News
G20 financial group named
A new brick in the financial architecture has been put in place with the disclosure of the members of the group of 20 globally important financial nations, known as the G20.
Conditionality
News
IMF takes on poverty mandate
Important changes to the IMF’s remit in the poorest countries were announced at the IMF-WB Annual Meetings in September.
