While the recent reforms to the IMF and World Bank governance reforms and the establishment of new Southern-led IFIs are symbolically important, they are thus far not a rupture with the Western-dominated international financial architecture.
An IMF policy paper on the international monetary system considers its future policy on capital controls and proposes a review of the IMF's institutional view on the liberalisation and management of capital flows.
This briefing analyses the role of the Bank and Fund in the UN Financing for Development negotiations.
New Bretton Woods Project report reveals World Bank Group channelling crucial development resources to banks instead of directly investing in pro-poor projects.
Aldo Caliari Monetary policy changes in rich world are now starting – the reversal of…
The Bretton Woods Project review of the most important developments at the World Bank and IMF in 2013.
As emerging markets suffer renewed bout of financial volatility, risk of worse to come as IMF struggles to provide even-handed global policy coordination.
Detailed analysis of the communiqués from the 2013 World Bank and IMF annual meetings.
The Fund has had to conduct another embarrassing “U-turn” to warn of the growing risks to the stability of developing countries, while cautiously accepting the need for capital controls in principle, but not necessarily in practice.
The IMF's long-awaited guidance note on capital flows fails to remedy the faults of the 'institutional view' on capital account. The World Bank's long-term thinking is also emphasises liberalisation.