A South Korean court has rejected a lawsuit filed by a group of labour unions against the IMF for alleged policy mistakes.
Zambian President, Fredrick Chiluba has blamed the IMF for Zambia’s economic problems, saying that the IMF’s reforms, advocated by rich countries, had brought unemployment and a rise in poverty levels.
A US Congress commission, which reported in March, called for major cut backs in World Bank and IMF activities.
In October UK Executive Director Stephen Pickford was called before the Treasury and International Development Select Committees for questioning by MPs.
A new review of IMF conditionality will assess the conditions applied to financial crisis countries, and recommend future approaches.
Organizations and activists in more than 20 Southern countries have launched a campaign against the destructive lending policies of the World Bank.
Last year the World Bank lent billions of dollars to Brazil, claiming that they would support social safety-nets during the financial crisis.
On 1 July the Bank held an informal Board seminar to discuss “governance indicators”.
In August the IMF produced a “question and answer” paper on its Enhanced Structural Adjustment Facility.
Relations between the Bank and the government of Papua New Guinea were strained in July by the government’s decision to issue bonds to raise money from the private sector.