The IMF has outlined a new information policy.
International Monetary Fund (IMF)
Social services
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Little new in IMF/WB pilots
Several of the pilot ESAF collaboration studies between the IMF and world Bank are in trouble, and new countries may need to be selected.
IFI governance
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Bank seeks balanced development strategies
Bank President James Wolfensohn has announced a new initiative which aims to balance economic with non-economic analysis and enable real participation and transparency in drawing up country strategies.
Knowledge
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Bank/Fund growth model questioned
Both ENDS and the Bretton Woods Project co-organised a roundtable meeting in early March to discuss the World Bank and IMF’s core economic models.
Rights
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Post-crisis social code diluted to weak Bank principles
There is danger that the aims and scope of the social principles (formerly the Social Code), which was proposed by Gordon Brown as a fourth pillar of the new international architecure, will be watered down to become simply a framework for the Bank’s social policy.
IFI governance
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Financial Stability Forum agreed
The G7 will establish a Financial Stability Forum (FSF) to improve the monitoring and regulation of financial markets.
IFI governance
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IMF social staff appointed
The UK Department for International Development is funding 2 social advisors to join the IMF’s Africa department to advise on the social implications of the IMF’s ESAF programmes.
Conditionality
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Brazilians protest spending cuts
Brazilian NGOs, trade unions, students and opposition parties protested outside the World Bank’s office in Brasilia against the government’s agreement with the International Monetary Fund (IMF) and the Bank’s decision to suspend loans to two state governments.
News
Surveys show tough views on Bank and Fund
Respondents to two recent surveys revealed widespread continuing mistrust of Bank and Fund approaches.
News
IMF “serious” about improving NGOs relations
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Finance
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ESAF-HIPC Link Attacked
Mr Jagdeo, Guayanese Finance Minister, has attacked the IMF for its lack of commitment to debt reduction and using the HIPC Initiative as a means of forcing countries to comply with ESAF programmes.
IFI governance
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Bank Uganda video available
A two-part TV programme giving a behind the scenes look at World Bank/IMF negotiations in Uganda has just been screened in the UK.