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.
Anti-corruption
Accountability
News
Western banks in Russian corruption scandal
The FBI and US Congress are investigating allegations that the Bank of New York, the Republic National Bank and other Western financial institutions were involved in laundering IMF loans siphoned out of Russia by the mafia helped by top Kremlin officials.
Accountability
News
Politics before good policies in Zimbabwe
The IMF has agreed to lend US$7.32 bn to the Zimbabwean government despite continued concerns about corruption in the land reform process; the cost of supporting Zimbabwean troops in the Democratic Republic of Congo (DRC); a planned privatisation of the Hwange power plant; and the reintroduction of price controls.
Accountability
News
Bank develops “governance indicators”
On 1 July the Bank held an informal Board seminar to discuss “governance indicators”.
Accountability
News
Curbing corruption
IMF policies have exacerbated corruption according to a Christian Aid briefing on new approaches to debt relief.
Accountability
News
Corporate lobbying at the Bank exposed
A recent article in the Legal Times alleges that there is significant corporate lobbying of the World Bank.
Accountability
News
New Bank fraud hotline
The World Bank Group has set up a telephone hotline to provide a central point for reporting allegations of fraud and corruption.
Accountability
News
Brazil Congress reviews IFIs
In August a Commission of the Brazilian Congress held a hearing to examine the multilateral financial institutions.
Featured briefings
12 December 2024
The Bretton Woods Observer: Winter 2024
16 October 2024
The Bretton Woods Observer: Autumn 2024
16 October 2024
The lost call for international financial architecture reform in the G20
At the 80th anniversary of the World Bank and IMF, global civil society must maintain pressure on the Brazilian and South African G20 presidencies to ensure the forth Financing for Development Conference in 2025 results in urgently required international financial architecture reform.