Sponsors: Action Aid/UK, IMF, TJN Africa, New Rules Coalition, International Centre for Tax Development Panellists: Anna…
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The IMF has restarted its programme in Malawi after alleged looting of government money in 2013, releasing a $20 million disbursement. NGOs have voiced their dissatisfaction with the IMF, as well as the government over the failure to publish an audit upon which Fund's decision was based.
New Bretton Woods Project report reveals World Bank Group channelling crucial development resources to banks instead of directly investing in pro-poor projects.
A leaked draft IEG report reveals declining performance trends at the World Bank, including the IFC’s financial sector lending, while the implementation of the Bank’s strategy continues with the launch of a public consultation on the new country engagement model.
Troika mulls new loan while Greek government touts economic success story but economic, health and human rights conditions deteriorate. Lagarde admits “miscalculations” occurred in Greek loan, while European parliamentary committee blasts Troika as unaccountable and illegitimate.
Last year BRICS' leaders agreed to launch a BRICS development bank. Whether this is considered positive depends in part what questions are being asked. Sameer Dossani of ActionAid International highlights the flaws in the World Bank and IMF, analyses whether a BRICS Bank could be different from these institutions and proposes what it should do and what it should look like.
The Bank is launching a review of the controversial Program-for-Results instrument which was approved in early 2012.
The IMF has reformed lending facilities for low income countries, introducing three credit facilities; the Policy Support Instrument, a non-financing programme will monitor the mechanisms with a review expected in 2015.
The World Bank publishes draft of a proposed new operational policy on guarantees.
The Bretton Woods Project review of the most important developments at the World Bank and IMF in 2013.