The International Monetary Fund (IMF) should scrap its long-term lending programmes to poor countries because it lacks competence on issues such as reducing poverty, according to a new report, The Future Role of the IMF in Development: An ODC Task Force Report, by the Overseas Development Council (ODC).
Transparency-WB/IMF
IFI governance
News
Stiglitz “Appalled” At IMF Policy
Joseph Stiglitz, former World Bank chief economist, took the opportunity of the extensive media interest in the planned protests against the Bank and IMF at their Spring Meetings to launch an attack on IMF policy advice and practices.
IFI governance
News
Slovaks complain about World Bank CAS consultations
On February 17th, the World Bank Group held a public consultation on its Slovakia Country Assistance Strategy (CAS).
IFI governance
News
Bank refuses demand for open reform assessment
The World Bank has refused a request from the Bretton Woods Project to allow NGOs and others to give their opinions of the successes and failures of the Bank’s Strategic Compact reform initiative.
IFI governance
News
Treasury Committee supports UK transparency
The UK should be more transparent about the decisions it takes at the IMF recommends the UK’s Treasury Committee in its February 2000 report on the IMF.
IFI governance
News
Doubts about chief economist appointment
Nick Stern, professor at the London School of Economics and former chief economist at the European Bank for Reconstruction and Development will succeed Joseph Stiglitz as World Bank chief economist.
Rights
News
Washington focus for globalisation protests
Activists from across the US will converge in Washington to protest at the IMF and World Bank Spring Meetings.
IFI governance
News
New Bank-NGO communications outputs
Following last year’s review, the Bank’s NGO Team is planning new communications products and tools for civil society groups.
Conditionality
News
UK ED quizzed on UK role in Bank and Fund
In October UK Executive Director Stephen Pickford was called before the Treasury and International Development Select Committees for questioning by MPs.
Conditionality
News
IMF takes on poverty mandate
Important changes to the IMF’s remit in the poorest countries were announced at the IMF-WB Annual Meetings in September.
Featured briefings
19 July 2023
The Bretton Woods Observer: Summer 2023
3 July 2023
Civil Society calls for rethink of World Bank’s ‘evolution roadmap’ as part of wider reforms to highly unequal global financial architecture
Joint civil society briefing paper highlights concerns with the World Bank’s Evolution Roadmap, and provides a series of recommendations for a Roadmap that prioritises people, participation and the planet over profit and economic growth.
6 April 2023