In late January and early February Ecuadorean indigenous groups led further protests against government and IMF economic policies.
The numbers of conditions applied by the IMF may be reduced. But prior policy commitments and international codes and standards will be examined and in the area of governance, conditions may actually increase.
The crisis in Argentina deepened in March after three ministers, including the Education and Economy Ministers, resigned after the government agreed a new austerity programme with the IMF.
A short questions and answers briefing on the IMF’s approach to conditionality
Bretton Woods Project comments on the IMF’s conditionality review
The Group of 24 Southern countries published a research paper on “Governance-related conditionalities of the International Financial Institutions”.
Due to a lack of information on impacts associated with adjustment reforms, there is still no discussion of realistic policy choices and trade-offs in Poverty Reduction Strategies, according to an Oxfam International letter sent to the heads of the Bank and Fund in December.
A study for the Strategic Partnership for Africa of eight countries provides a useful summary of experience to date with producing interim PRSPs.
An internal Bank report has concluded that the poor are better off without structural adjustment.
The World Bank has published a new strategy on governance.