International

IFI governance

News

Partnerships action

The World Bank has finished consultations on its partnership initiative to “put committed governments and their people at the centre of the development process” and agreed some action steps for the next few months.

15 December 1998

Knowledge

News

Major new Bank report on aid

A major new Policy Research Report by the Bank argues that it is pointless to provide aid money to countries unless they have certain economic policies and a good institutional environment.

15 December 1998

IFI governance

News

IMF looks to hire PR firm

The IMF has decided to hire a new public relations firm to bolster its battered image.

15 December 1998

Knowledge

News

Poverty WDR virtual consultations

In September the World Bank organised an electronic consultation on its planned poverty World Development Report, due out October 2000.

15 December 1998

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Just two weeks after it published its “World Economic Outlook” in September the Fund admitted some of its figures were out of date and would have to be revised downward.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