Global architecture

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

Finance

News

Less carrot, more stick please

As negotiations close over donations to the World Bank's financing arm for low income countries, civil society groups have expressed disappointment over the failure to make progress on conditionality, debt sustainability, allocation or impact assessment.

4 December 2007

Finance

Analysis

Programme conditions, project safeguards: Quo vadis World Bank?

This briefing clarifies the landscape of programme conditions and project safeguards and what it implies for a move towards responsible lending standards.

8 October 2007 | At Issue

IFI governance

News

What will Zoellick's World Bank look like?

With an increasing number of commentators asking whether and how the World Bank can remain relevant, chief economist Francois Bourguignon unveiled a draft overview of a 'long-term strategic exercise', and the IEG released an evaluation of the Bank's work in middle-income countries.

5 October 2007

Accountability

News

Bank takes on illicit flows

Together with the UN, the Bank has backed the Stolen Asset Recovery initiative to recoup the assets stolen from developing countries, estimated at up to $1.6 billion per year.

5 October 2007

Finance

News

IMF surveillance role: fundamentally misaligned?

Shortly after IMF members agreed to a new bilateral surveillance framework on exchange rates in June it was undermined by the US and criticised by civil society. Now the US wants the Fund to start regulating sovereign wealth funds.

5 October 2007

IFI governance

News

Heated exchanges over exchange rates

The IMF executive board agreed to revise the legal framework for bilateral surveillance in June with the final text incorporating many of the safeguards demanded by developing countries but still angering the Chinese.

2 July 2007

IFI governance

News

UK Treasury to focus on IMF surveillance reform in 2007

In its annual report to parliament about the UK and the IMF, this year subtitled "Reform to delivery prosperity for all", the UK Treasury's most ambitious goal for 2007 is to revise the IMF's surveillance framework. While also setting out to build on the proposals for governance reform of the IMF, the report does not prioritise creating an open and merit-based process for selecting the managing director of the IMF, overhauling the transparency policy at the Fund, or grappling with the issue of w

18 May 2007

IFI governance

Background

European CSO meeting with European IMF EDs

Incomplete minutes of European CSO meeting with European IMF EDs, 13 April 2007

27 April 2007 | Minutes