While the International Labour Organization (ILO) warns of social unrest coming from record unemployment, the IMF and World Bank are being criticised for hindering workers rights and not putting jobs at the centre of recovery.
While Christine Lagarde and staff at the Fund begin to acknowledge that too much austerity is risking jobs and growth and civil society groups call for an end to IFIs policy conditions, IMF programmes continue to promote fiscal retrenchment.
Constraints placed on the Central Bank of Kenya's monetary policy by the IMF have been condemned as damaging to Kenya's growth.
As the eurozone debt crisis escalates and protests multiply, the IMF increasingly appears side-lined. Italy's calling in of the Fund for "verification" of implementation of its EU-agreed austerity package symbolises the limits of its influence and resources.
Notes meeting Alex Gibbs September 2011
Ecuador is shunning IMF credit facilities in favour of a long-term loan arrangement with China in exchange for oil.
The Bank announced in June that its commitments for the fiscal year ending 30 June, had fallen to $57.4 billion, from an all time peak of $72 billion last year.
In August, the Bank released a policy paper and draft operational policy for its controversial new Program For Results (P4R) lending instrument, aiming to rush through its approval by the end of the year, despite significant concerns.
A report by the IMF’s arms-length evaluation body, the Independent Evaluation Office (IEO), suggests that Fund research does not allow room for alternative perspectives, while academics attack the World Bank for pursuing ideologically driven research agendas.
In early July, thousands of protesters took to the streets in the Ukrainian capital Kiev to try to block pension reforms promised as part of the country's IMF loan.