Doubts about the IMF’s capacity to deal with international currency problems are mounting as the South East Asian crisis worsens despite the IMF’s bail-out efforts.
International Monetary Fund (IMF)
Finance
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Aiding banks or people?
The IMF’s interventions have again raised discussions of who bears the burden of financial crises.
Finance
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US NGOs battle to stop quota funds
The 50 Years is Enough alliance of NGOs took to Washington’s streets in January to protest about US funding for the IMF and its bailout of the Asian economies.
Finance
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IMF creates new loans to help with financial crises
The IMF has established the Supplemental Reserve Facility (SRF) to provide extra resources to countries with balance of payments problems caused by rapid capital outflows such as those experienced in South East Asia.
Environment
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O’Donnell Returns
Gus O'Donnell, the UK Executive Director to the Bank and Fund, will return to London…
IFI governance
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Further IMF Review Delay
The external ESAF review has been delayed again for the consultants to finalise their report.
IFI governance
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UK White Paper Suggestions
The UK Government’s White Paper on International Development, launched in November, made excellent statements about focussing more firmly on poverty and the environment but lacked detail on specific policy targets for the World Bank and IMF.
Finance
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Nicaraguan civil society fears delay in debt process
Nicaraguan civil society organisations (CSOs) fear Nicaragua will not qualify for the HIPC Debt Initiative before the population has suffered further.