Conditionality impacts

Social services

News

IMF's focus on austerity proved "wrong, wrong, wrong", say critics

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.

21 November 2011

Accountability

News

IMF plays "second fiddle" as governments fall in the eurozone

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.

18 November 2011

Accountability

Background

UK civil society meeting with HM Treasury and UK IMF Executive Director

Notes meeting Alex Gibbs September 2011

12 October 2011 | Minutes

Conditionality

News

Ecuador shuns the IMF, borrows from China

Ecuador is shunning IMF credit facilities in favour of a long-term loan arrangement with China in exchange for oil.

14 September 2011

IFI governance

News

World Bank lending falls by 20 per cent

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.

14 September 2011

Accountability

News

Programmed for Results?

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.

14 September 2011

Conditionality

News

Evaluations suggest IMF, World Bank research ideologically driven

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.

14 September 2011

Rights

News

Ukraine protests against IMF policies

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.

14 September 2011

Conditionality

News

IMF advice accused of risking new recession

Since the financial crisis, the IMF's rhetoric has tried to be nuanced about austerity policies and the need to stimulate growth, but critics says its actions risk pushing the world back into recession and hurting workers.

13 September 2011

Social services

News

Bondholders vs the public: Outcry over IMF-EU eurozone loans

The sovereign debt crisis in the eurozone, where Greece now needs a second round of loans, threatens major economies like Spain and Italy, but IMF-backed lending packages that demand deep austerity with insufficient attention to lenders' responsibilities anger the public.

13 September 2011