Coverage of the communiqu
This session examined issues thrown up by the Arab revolutions, including the fiscal, monetary, tax and investment policies being considered by governments facilitating, or hindering countries in the Arab and other regions in building an inclusive economy and supporting socioeconomic recovery, the impact on public expenditure for the strengthening of education, health, and other social sectors as well as the management of chronic and high unemployment and high food and fuel prices.
Minutes of an open roundtable with EDs that occurred during the 2013 spring meetings.
World Bank president Jim Yong Kim announced the appointment of Keiko Honda as executive vice president of the Multilateral Investment Guarantee Agency in late March, the sixth Japanese national in a row to hold the post.
Large middle-income countries jointly initiated alternatives to the World Bank and IMF in March, but advocates are not satisfied with either set of institutions. While challenge to the IMF has been welcomed, civil society actors fear that a new development bank would serve "vested interests" and could lead to "exploitation".
The World Bank Group's staff incentives and compensation schemes are considered important drivers of the Bank institution's successes and failures.
The IMF governance debate goes beyond the mathematics of voting shares and representation, bringing to the fore critical questions about the Fund's legitimacy.
The International Finance Corporation appointed US-national Ethiopis Tafara as its vice president and general counsel on 1 April.
The Bank published its 2012 annual report for trust funds end January.
After missing the October deadline to approve the governance reforms agreed in 2010, IMF shareholders have also missed the January 2013 deadline to agree changes in the IMF quota formula.