An evaluation by a panel of self-described ‘academic superstars’ has cast doubt over the independence and reliability of World Bank research.
Highlights of meeting between Tom Scholar and UK NGOs, December 2006
In an evaluation of the IMF Independent Evaluation Office's first five years of work, an external committee concluded that the IMF board may have undue influence over the body. Additionally the IEO set itself an ambitious work plan for the next year, as it plans to delve into the Fund's internal organisation and trade policy
Highlights of a civil society meeting on trade-finance linkages in Latin America, 20 April 2006, Washington. Hosted by the Center of Concern.
Dialogue on the Doha trade round at the World Bank-IMF spring meetings in Washington, 20 April 2006.
In the most comprehensive evaluation ever conducted of the World Bank's work in trade, the Bank's evaluation unit has found that the Bank neither fully understood the implications of its "narrow focus on trade liberalisation", nor did enough to strengthen trade capacity on the ground.
The consensus among civil society observers was that the agreement struck at the December Hong Kong WTOtrade ministerial was a bad deal for developing countries, with IFI-backed 'aid for trade' used as a "major distraction".
In November, the IMF's board approved the establishment of the Exogenous Shocks Facility (ESF) to…
In October, the IMF board approved the establishment of a Policy Support Instrument (PSI), a non-lending programme which will provide policy advice to poor countries and send a signal to donors and markets about the quality of a country's economic policies. Critics suspect the instrument is little more than a new way "to extend Fund domination".
Details of the BWIs aid for trade package were unveiled at the annual meetings, as officials turned up the pressure to reach a deal at the upcoming trade summit in Hong Kong.