Debt

Conditionality

News

Haiti to receive Bank finance and debt relief

In late March the World Bank announced a three-year programme of financial support for Haiti totalling $479 million, which includes total cancellation of its $39 million debt to the Bank.

16 April 2010

Finance

News

World Bank hinders Southern Sudan's reconstruction

Government officials and development groups have criticised the failure of the World Bank and developed countries to deliver financial aid promised to Southern Sudan.

12 April 2010

Accountability

Background

Meeting between UK civil society and Alex Gibbs, UK IMF Executive Director

Minutes of a meeting between UK civil society, UK IMF Executive Director Alex Gibbs, and UK Treasury staff

30 March 2010 | Minutes

Finance

News

IEG calls World Bank's crisis action limited

A November report by the World Bank's arms-length Independent Evaluation Group declared that the additional Bank funding made in response to the financial crisis was "sizable yet modest, compared to the fall in private capital flows to emerging and developing economies and to the assistance provided by some other sources."

15 February 2010

Finance

News

Nigerian law makers: World Bank loan invalid

In December the Nigerian House of Representatives declared a $300 million loan from the World Bank invalid, because the National Assembly was not consulted before the government began negotiations for the loan.

15 February 2010

Rights

News

Bangladesh conference speaks out against IFIs

Civil society representatives from Bangladesh, India and Pakistan met at a December workshop in Dhaka on international financial institutions and debt, and said that it was time to free the region from the IFIs.

12 February 2010

Finance

News

IMF urges donors to pay up in Malawi

In mid January, the IMF took the unusual step of asking a group of donors to release budget support grants to Malawi, which they have been withholding until a new IMF programme is approved.

12 February 2010

Environment

News

Debt aftershocks to shake Haiti's recovery?

An IMF loan to Haiti in response to the devastating earthquake in early January has been criticised for exacerbating the country's debt burden and endangering recovery.

12 February 2010

Accountability

Commentary

Destructive development: A case of ecological debt in Bangladesh

'Development' has become synonymous with destruction in Bangladesh as many of the so-called development projects, financed mainly by the International Financial Institutions (IFIs), have huge negative impacts on the ground. They have added to the global north's 'ecological debt', which must now be repaid.

20 November 2009 | Guest comment

Environment

Background

Meeting on the World Bank between UK NGOs and Douglas Alexander, Secretary of State for Internationa

Minutes of a meeting between Douglas Alexander, Secretary of State for International Development, and UK NGOs, 16 September 2009

24 September 2009 | Minutes