Analysis, news, and about the events inside and around the World Bank/IMF annual meetings 2012. This page is being updated regularly.
NGOs continue to find that the International Finance Corporation (IFC), the World Bank's private sector arm, is off track in reducing poverty and promoting development, with concerns that the IFC development goals to be implemented in July will not help the poorest.
Minutes meeting for A Global Shared Societies Agenda
In an article for UK newspaper The Guardian, Elizabeth Arend of international NGO Gender Action questioned the World Bank's status as a "global leader" in reproductive health.
Ugandan newspaper New Vision called attention to the "horrific sanitation conditions" of a Bank-funded waterway in Uganda in November 2011
A June 2011 academic paper that analysed health outcomes in Sub-Saharan Africa found that "when a country is under a World Bank structural adjustment loan it tends to have higher levels of child mortality".
While Christine Lagarde and staff at the Fund begin to acknowledge that too much austerity is risking jobs and growth and civil society groups call for an end to IFIs policy conditions, IMF programmes continue to promote fiscal retrenchment.
Civil society organisations met UK Executive Director to the World Bank and staff from the Department for International Development to discuss water, the Bank's private sector approach, health and nutrition, safeguards review and energy strategy.
In August the UK released its priorities for reform of the World Bank.
The Bank's Independent Evaluation Group (IEG) released its annual report at end August, again finding shortfalls and uneven results across the World Bank Group. While the Bank's leadership has steered the institution towards more private sector work, outcomes in the education sector and the Middle East and North Africa (MENA) region have dropped substantially.