Bank President James Wolfensohn has announced a new initiative which aims to balance economic with non-economic analysis and enable real participation and transparency in drawing up country strategies.
Voting rights
IFI governance
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Bolivian NGOs angry at misrepresentation
Key Bolivian NGOs feel that Wolfensohn has misrepresented the Bolivian National Dialogue (carried out in 1997) and subsequent process as a model for other countries to follow.
IFI governance
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Financial Stability Forum agreed
The G7 will establish a Financial Stability Forum (FSF) to improve the monitoring and regulation of financial markets.
IFI governance
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IMF social staff appointed
The UK Department for International Development is funding 2 social advisors to join the IMF’s Africa department to advise on the social implications of the IMF’s ESAF programmes.
IFI governance
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World Bank outlines plans for more active European engagement
The Bank’s new Vice President for Europe, Jean-Francois Rischard aims to increase the Bank’s engagement with European NGOs and academics.
IFI governance
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Bank participation in carbon fund in doubt
The World Bank may have failed to secure European financial support for the Prototype Carbon Fund, one of the controversial carbon-trading schemes devised to implement the Kyoto climate change protocol.
IFI governance
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Greening the Bank: next steps
In September over 50 NGOs from 15 countries made recommendations to the World Bank on the environment.
IFI governance
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Transparency
The G7 has agreed to the G22 Working Group on Transparency and Accountability’s recommendation to establish a formal mechanism to evaluate IMF policies and programmes, but it is not clear what form this will take.
IFI governance
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New analysis of how to change the Bank
MIT Press has just published a fascinating analysis of efforts to change the World Bank.
IFI governance
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East Asia Crisis group examines NGO roles
The World Bank has established an East Asia Crisis working group to tackle some of the social aspects of the financial crisis.
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12 December 2019
The Bretton Woods Observer: Winter 2019
12 December 2019
Ease of Doing Business – what does it conceal?
As India has risen in the World Bank's Ease of Doing Business rankings, it has seen other key development indicators slip.
18 November 2019
Keeping the IMF accountable to women's rights and gender equality at the national level
New IMF gender guidance opportunity for civil society to keep its staff to account.