Global architecture

Finance

Commentary

Turkey and the long decade with the IMF

In May Turkey ended its latest stand-by agreement with the IMF. To some this meant the long awaited declaration of autonomy for Turkey and the loss of the final "consumer" for the IMF. For others who adhere to the neoliberal orthodoxy, this meant the graduation of Turkey and the successful completion of the IMF programme. The reality is that neither is correct.

17 June 2008 | Guest comment

Finance

News

Asian Monetary Fund on the cards?

The long-awaited multilateralisation of the Chiang Mai initiative was agreed in early May in Madrid on the sidelines of the Asian Development Bank annual meeting.

17 June 2008

IFI governance

News

Lots of rhetoric, few specifics: DFID defends its policy on the World Bank

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.

22 May 2008

Finance

News

New Bank financial products

In March the Bank approved a new lending facility to give middle-income countries immediate access to emergency funds in the event of a natural disaster.

1 April 2008

Environment

News

Venezuela v. Exxon back to ICSID?

Venezuela has asked Exxon Mobil to go back to the World Bank's International Centre for the Settlement of Investment Disputes, and drop lawsuits filed in other courts in London and New York.

1 April 2008

Finance

News

A taxing agenda for the IMF

The irony of the IMF giving a passing grade to Liechtenstein on money laundering in the same month that Germany launches a massive investigation into tax evasion based in the Alpine country shows that the Fund has a lot of work to do if it wants to help clamp down on illicit flows.

1 April 2008

Finance

News

IMF's proposed sovereign wealth fund code ruffles feathers

The IMF’s effort to craft a voluntary code of conduct for sovereign wealth funds (SWFs) has sparked concern in different parts of the globe.

1 February 2008

IFI governance

Background

The IFIs and Islamic finance

The World Bank Group and the IMF have become more involved in assistance to and oversight of Islamic financial institutions.

1 February 2008 | Inside the institutions

IFI governance

News

Public campaigns to reform IDA

In Europe, Asia and the United States, civil society has campaigned for reform of the World Bank through the replenishment process of the International Development Association.

4 December 2007

Finance

Background

The IMF and financial sector reform

While the World Bank has done a lot of work on financial sector reform, the IMF is also a key actor. Since facing criticism over its lack of understanding of financial markets in the wake of the 1997 Asian financial crisis, the IMF has significantly increased its capacity for analysis of the financial sector.

4 December 2007 | Inside the institutions