In April the Bank’s Board discussed a progress report on the Strategic Compact: Wolfensohn’s reform package agreed one year ago.
Donor procedures and aid coordination have improved and resource flows to Sub-Saharan African countries increased under the Special Programme of Assistance for Africa (SPA), according to a recent report.
The IMF has been urged to be more transparent and accountable by a US Study Group convened by the Centre of Concern, and by the UK Chancellor.
A critical study prepared for a meeting to discuss replenishing the Global Environment Facility, an international fund for environmental, criticises the World Bank’s use of the resources.
Largely due to the persistent efforts of NGOs and some Executive Directors, the International Finance Corporation (IFC-a private sector support arm of the World Bank Group) has unveiled a series of reviews and new initiatives.
The World Bank has agreed to carry out a forest policy implementation review followed by a Forest Sector Strategy review over the next few months.
The external ESAF review has been delayed again for the consultants to finalise their report.