The Independent Evaluation Group found 'high development outcomes' in approximately two-thirds of projects funded by IFC-financed financial intermediaries (FI) which serve micro, small and medium enterprises.
A scathing report from the Independent Evaluation Office highlights the IMF's lack of transparency and accountability, but there appears to be little shareholder agreement on the IEO's conclusions and consolidation of European board representation.
The IEO has released the draft issues paper for an evaluation on the relationship between the IMF and its member countries, which will focus on the interaction of staff with member-country officials.
The UK's Department for International Development (DFID) has sheepishly defended itself in its government response to the International Development Committee's (IDC) report DFID and the World Bank.
On aid effectiveness the World Bank is both player and referee, prompting cries of foul play by civil society groups.
Feedback wanted on this trial issue of the Update.
The Independent Evaluation Office released the draft issues paper for its planned evaluation of the IMF’s trade policy advice.
An evaluation of the World Bank’s training for capacity building reveals serious flaws in design and implementation that undermine country ownership; the same criticism is being levelled at the IMF over its plans to charge for technical assistance.
The UK's International Development Committee has sharply reprimanded the Department for International Development for its decision to hand over a fifty per cent increase in funding for the World Bank without sufficient analysis of whether or not this is good value for money.
2007 will certainly go down in the annals of the IFIs as an annus horribilis. But a bad year for the IFIs has meant a relatively good year for developing country policy space.