The Bank’s paper on best practices for implementing the social principles will be discussed by the Board on 10 September.
The Asian Development Bank Institute (ADBI), led by its new head Masaru Yoshitomi, has mounted an attack on the IMF’s use of conventional policies for dealing with the crisis in Asia and plans to hold meetings and seminars to challenge the IMF’s approach at the Bank/Fund annual meetings.
In late August Colombian labour unions began an indefinite national strike in protest at the government’s political, social, and economic agenda and calling on the government to declare a moratorium on the payment of its internal and external debt.
Are the World Bank and IMF now taking environmental and social issues seriously?
IMF policies have exacerbated corruption according to a Christian Aid briefing on new approaches to debt relief.
A new paper from the World Resources Institute examines the World Bank’s use of adjustment lending to promote policy reform for favourable environmental outcomes.
The G7 have agreed changes to the Heavily Indebted Poor Country Debt Initiative which will impose more conditionality in return for earlier relief from interest payments.
This report considers the factors which have led to a proliferation of conditionality and the growing acceptance that it is not an effective tool for persuading governments to make reforms. It proposes that an alternative is to encourage “ownership” and to base lending agreements on “poverty focused” programmes developed at the national level (1999).
Government officials met the World Bank in March to discuss new criteria for allocating its IDA (soft loan) resources among countries.
Brazilian NGOs, trade unions, students and opposition parties protested outside the World Bank’s office in Brasilia against the government’s agreement with the International Monetary Fund (IMF) and the Bank’s decision to suspend loans to two state governments.