The IMF's involvement in the Troika is again being questioned due to Greek loan unsustainability and lack of consensus amongst the Troika members, while citizens continue to challenge the conditionality of the programme.
A new World Bank Group strategy will be signed off at the 2013 annual meetings. It prioritises greater use of the private sector and “transformational engagements”, but criticisms continue over the Bank’s desire to tell countries what to do.
Forecasting models are crucial to how the Fund performs its role as lender and global economic monitor, but the assumptions underpinning these models are frequently derided as unrealistic.
Drawing on case studies, reports and evaluations, Bruce Rich paints a picture of a Bank still inflicting suffering on vulnerable populations, and calls on Bank president Jim Yong Kim to show real leadership so that the Bank can learn from experience rather than flee from it.
As economies slump across the world, the World Bank and the IMF are looking to pump out cash, but while the Bank