US debt campaigners are siding with the Bush administration against European leaders and other NGOs over a key source of finance for the world’s 79 poorest countries. Discussions on the pros and cons of providing grants instead of loans through IDA appear deadlocked (March 2002).
Debt
Land
News
Brown’s “New Deal” suggests enhanced Bank, Fund roles
Gordon Brown’s recent speeches on a “New Deal” for the global economy have been generally welcomed, especially for their suggestions that aid budgets should be increased.
Finance
News
World Bank grants plan “crazy”
Disagreements between donors about how much grant money the Bank should give to the poorest countries has held up replenishment of the International Development Association (IDA), Bank’s soft-lending arm.
Conditionality
News
Divergent views on PRSP progress
A new report compiled from workshops organised by Jubilee South, Focus on the Global South and other southern civil society groups claims structural adjustment logic and policies essentially remain unchanged in PRSPs.
Rights
News
Critics respond to Bank demands
The World Bank and anti-globalisation activists have now traded three rounds of demands and counter-demands since September this year.
Finance
News
“It Takes Two to Tango”
This report by Jubilee Plus aims to raise debate on “the legal mechanisms” for making debt standstill mechanisms work.
Finance
News
Standstill and insolvency: a new mechanism for the IMF?
18 December 2001 - In a surprise anouncement in late November the new number two at the IMF, Ann Krueger, has proposed that the IMF should support temporary debt standstills for indebted countries.
Finance
News
IMF proposes new debt standstill mechanism
In late November the new number two at the IMF, Ann Krueger, proposed that the IMF should support temporary debt standstills for indebted countries.
Finance
News
IMF shares blame for Argentina’s collapse
Many eyes are now looking to see how Argentina will manage its financial and political crises.
Finance
News
Tax investors to finance bailouts
An alternative proposal to debt standstill is to create larger bailout funds.
Featured briefings
27 September 2023
Financialisation and human rights in the Middle East and North Africa
This briefing explains how the IMF and World Bank have driven the financialisation of MENA states, and the pervasive negative effects this has had on the region’s societies and economies.
19 July 2023
The Bretton Woods Observer: Summer 2023
3 July 2023
Civil Society calls for rethink of World Bank’s ‘evolution roadmap’ as part of wider reforms to highly unequal global financial architecture
Joint civil society briefing paper highlights concerns with the World Bank’s Evolution Roadmap, and provides a series of recommendations for a Roadmap that prioritises people, participation and the planet over profit and economic growth.