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.
Debt
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 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.
Finance
News
O’Neill supports bankruptcy mechanism
In September US Treasury Secretary, Paul O’Neill, told the Senate Banking Committee that he would favour establishment of an international bankruptcy law as an alternative to IMF bailouts.
Finance
News
HIPC not delivering debt relief
The Heavily Indebted Poor Country (HIPC) Initiative is failing to deliver debt relief, reports the Financial Times (9/10/01).
Rights
News
IFIs must respect human rights
The World Bank and the IMF are bound by obligations enshrined in international human rights covenants, and must incorporate human rights considerations in the formulation and review of their Poverty Reduction Strategy Papers (PRSPs).
Featured briefings
12 December 2024
The Bretton Woods Observer: Winter 2024
16 October 2024
The Bretton Woods Observer: Autumn 2024
16 October 2024
The lost call for international financial architecture reform in the G20
At the 80th anniversary of the World Bank and IMF, global civil society must maintain pressure on the Brazilian and South African G20 presidencies to ensure the forth Financing for Development Conference in 2025 results in urgently required international financial architecture reform.