The World Bank has issued a discussion paper for consultation before revising its operational directive on adjustment lending. On 18 July 2002 London was the first in a series of cities to host a consultation meeting. NGOs have raised concerns about the consultation process and the ability of the World Bank to learn lessons from the past on structural adjustment.
Three recent papers which attempt to analyse the IMF’s role in the Argentinean crisis are examined: ex-IMF senior economist Michael Mussa, the Center for Global Development’s Nancy Birdsall and Mark Weisbrot of the Center for Economic and Policy Research.
The Bank’s role in trade capacity building affords enormous influence over the hearts and minds of trade policy makers and the way in which trade is mainstreamed into national development plans. The initial experience of the Integrated Framework programme shows that there is reason for concern. (September 2002)
The World Bank has issued a discussion paper for consultation before revising its operational directive on adjustment lending. Concerns over changes to the ceiling on policy-based lending and a shift towards less mandatory directives, as well as the conultation process itself, have been raised by NGOs.
A synthesis of the last two months in the ongoing negotiations between the IMF and the Argentine government.
Ugandan MP Sheila Mishembi Kawamara, at a 5 June meeting of East African legislative members, said that countries such as China, Mauritius, Vietnam and Thailand had refused to take World Bank and IMF prescriptions and their economies were thriving.
One hundred members of the Indonesian parliament wrote to the heads of the IMF and World Bank, condemning the institutions for implementing “disastrous orthodox macroeconomic policies”.
G8 leaders put terrorism, NEPAD and education on the agenda for the June summit in Western Canada. Activists organize a parallel summit in Calgary and a “solidarity village” in Kananaskis. Meanwhile, African NGOs criticize NEPAD as a re-hashing of neo-liberalism.
The World Bank and DFID are moving forward with test approaches to improve the assessment of the social impacts of economic policies.
Meeting with Rick Rowden, RESULTS, 31 May 2002