International

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Just two weeks after it published its “World Economic Outlook” in September the Fund admitted some of its figures were out of date and would have to be revised downward.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

Knowledge

News

Globalization and institutions: the Bank aims to set agenda

The World Bank’s World Development Report for next year will tackle the thorny questions of which institutions can direct economic, social and environmental policies in an age of globalization.

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

Social services

News

Social policy limitations

Bob Deacon, Director of the Globalization and Social Policy Programme (based in Sheffield and Helsinki) criticised the World Bank’s stand on social policy at a recent Overseas Development Institute discussion meeting in London.

15 December 1998

Conditionality

News

ESAF reviews latest

NGOs’ comments on the findings and recommendations of the ESAF reviews will be published and discussed by the Board soon.

15 December 1998

Accountability

News

New Bank fraud hotline

The World Bank Group has set up a telephone hotline to provide a central point for reporting allegations of fraud and corruption.

15 December 1998

WB/IMF roles

News

Bank is “not the IMF”

Bank President James Wolfensohn spent much of the Bank Annual Meeting distancing his institution from its sibling, insisting that it is not a “second level IMF” and does not provide bail-out funds.

15 December 1998

Knowledge

News

New Bank paradigm: Stiglitz and Fine approaches clash

In October World Bank Chief Economist Joe Stiglitz made another major speech going “beyond the well-documented failures of the Washington consensus to begin providing the foundations of an alternative paradigm”.

15 December 1998

Conditionality

News

WB/IMF collaboration plans

In response to the external ESAF Review, the World Bank is to collaborate with the IMF in pilot projects in Nicaragua, Vietnam, Tajikistan, Ethiopia, Cameroon and Zimbabwe over the next 12-18 months.

15 December 1998

IFI governance

News

The future of NGO World Bank strategy discussed

In October the Bank Information Center held a strategy meeting for 80 people from NGOs and foundations concerned about the World Bank.

15 December 1998

IFI governance

News

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.

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