German minister for economic cooperation and development, Heidemarie Wieczorek-Zeul held a now-customary meeting with NGOs. On the agenda was debt, financing of the MDGs and so-called 'voice' issues.
The session considered the arguments surrounding the provision of grants or loans by IDA. It considered the recent call by President Bush for the World Bank and other development banks to provide more of their funds to the poorest countries as grants, in recognition of the pivotal role that grants play in providing prudent financing for pressing development needs.
Highlights from a meeting between Bank president Wolfensohn, Fund director Rato, South African finance minister Trevor Manuel, UK chancellor Gordon Brown, and NGOs.
UNCTAD has launched a fourth report on economic development in Africa.
Highlights of a Fund staff meeting with CSOs to discuss the role of the Fund in low-income countries.
Talk of full multilateral debt cancellation has been in the air since the June G8 summit against the backdrop of the impending end of the Heavily Indebted Poor Country (HIPC) Initiative. The US Treasury Department is apparently pushing for full multilateral debt cancellation and could announce this at the G8 ministers meeting ahead of the Bank and Fund annual meetings.
Researcher Noreena Hertz, in her latest book I.O.U: The debt threat and why we must…
Despite intensive efforts to implement the necessary conditions, Zambia has been told that it will have to wait even longer for debt relief.
Preliminary analysis of the Debt Sustainability framework, early June by US based CNES, points out that if implemented this proposal will emphasise the rights of creditors over all other development challenges, the attainment of the Millennium Development Goals (MDGs) included
Civil society organizations remain concerned that impact assessments will not not deliver the desired outcomes.