International

Accountability

News

Last ditch attempt to save Inspection Panel

On March 24 the World Bank Board will hold a special consultation session about likely changes to the Bank’s Independent Inspection Panel.

15 March 1999

Finance

News

New credit line means more IMF conditionality

The G7 proposal to establish a Contingency Credit Facility has met with opposition from some European and developing countries.

15 March 1999

IFI governance

News

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.

15 March 1999

IFI governance

News

Bank seeks balanced development strategies

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.

15 March 1999

IFI governance

News

Financial Stability Forum agreed

The G7 will establish a Financial Stability Forum (FSF) to improve the monitoring and regulation of financial markets.

15 March 1999

News

IMF “serious” about improving NGOs relations

Useful Contacts

15 March 1999

Conditionality

News

Selectivity: conditionality by any other name

Government officials met the World Bank in March to discuss new criteria for allocating its IDA (soft loan) resources among countries.

15 March 1999

IFI governance

News

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.

15 March 1999

News

IMF forecasts in doubt again

Just two weeks after it published its “World Economic Outlook” in September the Fund admitted some of its figures were out of date and would have to be revised downward.

15 December 1998

Land

News

Mexico project reveals Bank planning, supervision failings

A detailed paper by Trasparencia traces the history and execution of the Mexican Rainfed Areas Development Project.

15 December 1998

Accountability

News

IFC new ombudsman, consultation document

The IFC is appointing an environmental and social compliance ombudsman to monitor implementation of environmental and social policies.

15 December 1998

Finance

News

IMF Articles change on hold

Action to change the IMF’s Articles of Agreement to extend the Fund’s purview to cover capital account liberalisation has been put on hold since the financial crisis.

15 December 1998