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).
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.
On February 17th, the World Bank Group held a public consultation on its Slovakia Country Assistance Strategy (CAS).
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.
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.
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.
Activists from across the US will converge in Washington to protest at the IMF and World Bank Spring Meetings.
Following last year’s review, the Bank’s NGO Team is planning new communications products and tools for civil society groups.
In October UK Executive Director Stephen Pickford was called before the Treasury and International Development Select Committees for questioning by MPs.
Important changes to the IMF’s remit in the poorest countries were announced at the IMF-WB Annual Meetings in September.