As developing countries continue to complain about the US failing to approve IMF governance reforms, the US Treasury formally resubmitted a request for the approval to US Congress.
Following the publication of the Fund's response to the IEO evaluation report which was endorsed by the Board in April, the IMF has published its three-part implementation plan on international reserves including a successor paper updating the Fund's 2011 work on reserve adequacy.
A June academic paper argued that rich countries manipulated the last World Bank governance reform process in 2010 (see Update 60) and proposed a new, fairer way to distribute voting rights at the Bank.
In written evidence submitted to the UK parliament's International Development Committee, we argue that further reform of the World Bank is needed.
Web links for the leaked documents about the World Bank's strategy.
As the World Bank's attention moves from goal-setting to implementation of a new strategy, it is becoming clear that it intends to further prioritise the role of the private sector and adopt many practices of its private sector arm, the International Finance Corporation (IFC), as the main pillars for the whole group.
The future of "Doing Business" has nothing to do with World Bank President Jim Yong Kim's opinion of growth ("Stand up for 'Doing Business'", The Economist, 25 May). You confuse growth with a set of indicators which many inside and outside the Bank find fundamentally flawed.
Minutes of CSO meeting with Steve Field UK IMF Executive Director, 9 April 2013
Notes from IMF 2013 Spring meetings civil society forum event
This session examined Colombia's private sector partnerships and poverty eradication programme.