Conditionality impacts

IFI governance

News

IMF's World Economic Outlook admission of flaws creates controversy

The launch of the IMF's autumn 2012 World Economic Outlook (WEO) report stimulated a controversy over economic forecasting during the annual meetings of the IMF by admitting that the Fund's models, used to dictate the terms of bailouts, were flawed.

16 October 2012

Conditionality

News

IMF's "incompetence" and "failures" in Europe led to "suffering"

The IMF's role as a member of the Troika, the grouping of the European Central Bank (ECB), European Commission and the Fund in the eurozone crisis, is attracting new criticism. Deepening recessions in eurozone nations have brought the efficacy and appropriateness of Troika-led reforms into question.

3 October 2012

Conditionality

News

No strings attached?

Egypt has been in talks to get over $11 billion in foreign aid, of which at least $7.5 billion will be contingent on IMF approval, sparking concerns from activists over policies likely to be imposed by the Fund, just as it has ended its conditionality review.

3 October 2012

IFI governance

Background

Revolving doors: staff turnover between IFIs and African governments

The term 'revolving doors' refers to frequent staff turnover between institutions, usually relevant when these represent different interests working on the same policy issues. This serves to foster cross-institutional networks, practices and alliances. The staff turnover between international financial institutions (IFIs) and borrowing governments works as a mechanism through which specific ideas and practices learnt and promoted in IFIs are translated into policies in borrowing countries

3 July 2012 | Inside the institutions

IFI governance

News

IMF poverty focus challenged

In the middle of a review of its lending facilities for low-income countries (LICs) and a funding drive for more concessional resources, the IMF is facing criticism over its conditionality and a review of its debt sustainability framework.

3 July 2012

Conditionality

News

IFI leaders talk jobs, but staff push labour deregulation

International financial institutions increasingly recognise the negative impacts of austerity on labour markets, however, a disjuncture remains between their public pronouncements and their policies and practice.

3 July 2012

Conditionality

News

Eurozone meltdown: IMF providing "political cover"

As European elections show the public increasingly rejecting austerity, critics call on the IMF to focus on the flaws of the eurozone rather than austerity in country programmes.

3 July 2012

Conditionality

News

IMF and debt hold Jamaica back

A report published in May by the US-based Center for Economic and Policy Research (CEPR) found that an overwhelming debt burden and conditions on IMF loans are hindering Jamaica's economic recovery.

3 July 2012

Conditionality

Background

A Global Shared Societies Agenda

Minutes meeting for A Global Shared Societies Agenda

23 April 2012 | Minutes

Finance

Background

How can the IMF enhance its focus on growth and poverty reduction in LICS?

A civil society meeting held at the World Bank and the IMF hold their 2012 spring meetings in Washington DC on Friday 20th April.

20 April 2012 | Minutes