The IMF and World Bank should reform their constitutional rules and decision-making procedures and practices if they are to achieve the standard of good governance they themselves have defined for borrowing members.
The World Bank has agreed to carry out a forest policy implementation review followed by a Forest Sector Strategy review over the next few months.
A lead article in Development Anthropologist contains a fascinating account of the World Bank’s approach to social issues.
A recent paper argues that Southern governments should foster and expand democratic dialogue with NGOs in their countries.
Doubts about the IMF’s capacity to deal with international currency problems are mounting as the South East Asian crisis worsens despite the IMF’s bail-out efforts.
The NGO World Bank Working Group is in the process of restructuring to become more regional and more representative.
The IMF’s interventions have again raised discussions of who bears the burden of financial crises.
The external ESAF review has been delayed again for the consultants to finalise their report.
The 50 Years is Enough alliance of NGOs took to Washington’s streets in January to protest about US funding for the IMF and its bailout of the Asian economies.
The world’s richest countries’ annual summit will take place in Birmingham, UK, this year from 15-17 May.
The IMF has established the Supplemental Reserve Facility (SRF) to provide extra resources to countries with balance of payments problems caused by rapid capital outflows such as those experienced in South East Asia.