Michel Camdessus, Managing Director of the IMF for nearly 13 years has announced his resignation.
International
Finance
News
IMF and WB to assess financial stability
The Bank and IMF have established the Financial Sector Assessment Programme (FSAP) to assess financial stability in all member countries and prevent crises.
IFI governance
News
Gold tied to IMF evaluation
US congress has agreed a proposal to revalue IMF gold to fund the HIPC Debt Initiative on the condition that the money earned is not used to refinance ESAF (now renamed the Poverty Reduction and Growth Facility - PRGF).
Finance
News
Capital punishment
A new report from UK NGO CAFOD criticises the IMF response to the financial crisis as “inadequate and at times harmful to the interests of the poor” and urges “deep reforms”.
Conditionality
News
Southern organisations demand end to adjustment
Organizations and activists in more than 20 Southern countries have launched a campaign against the destructive lending policies of the World Bank.
Finance
News
Ecological debt outweighs financial debt
The view that poor countries owe the rich millions of dollars in loan repayments is challenged by a Christian Aid report.
Rights
News
Bank adjustment directive under discussion
The World Bank is revising its Operational Directive for Structural Adjustment Lending.
Environment
News
Wanted: a new global monetary system
Debates on international finance are taken further in a new book which argues for the democratization of money creation and a new basis for the work of the IMF.
Environment
News
Bank’s new green indicator: “genuine nonsense”?
A new Bretton Woods Project report examines the World Bank’s new measure of national sustainability, genuine savings.
IFI governance
News
Bank communication report
A Communications Strategy Needs Assessment was submitted to the World Bank’s NGO Unit in October.
Rights
News
Bank to seek capital increase
It looks likely that the World Bank Group will seek a rare capital increase for its International Bank for Reconstruction and Development arm.
Rights
News
World Bank “coopted NGOs”
The Economist (11th December 1999) carried a lengthy article on NGO campaigning on international institutions.
Featured briefings
12 December 2024
The Bretton Woods Observer: Winter 2024
12 December 2024
Missing in action: accountability is noticeably absent from the World Bank Group’s new Corporate Scorecard
The Corporate Scorecard’s accountability gap is symptomatic of a broader failure on the part of the WBG to fully internalise, integrate and learn from the work of its accountability mechanisms.
16 October 2024