A small group of NGOs has begun to discuss common initiatives towards the World Bank/IMF annual meetings in Prague next September.
International Monetary Fund (IMF)
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
Strikers in Colombia in protest at IMF and debt
In late August Colombian labour unions began an indefinite national strike in protest at the government’s political, social, and economic agenda and calling on the government to declare a moratorium on the payment of its internal and external debt.
Conditionality
News
Bank support for social sector in Brazil an illusion
Last year the World Bank lent billions of dollars to Brazil, claiming that they would support social safety-nets during the financial crisis.
Accountability
News
IMF and Bank failed to spot Indonesia corruption
The International NGO Forum on Indonesian Development (INFID) has criticised the Bank and Fund for failing to properly supervise the use of loan funds which were intended to help refinance the shattered banking sector.
Rights
News
Call to halt aid after Timorese massacres
Massacres perpetrated and condoned by the Indonesian army have led to calls to halt World Bank and IMF aid programmes to Indonesia.
