North America

Finance

News

Bank role in global funds ruled out

The World Bank was rejected as a possible agency to manage any new global funds for development at a meeting in Pocantico, New York in May.

8 September 2003

IFI governance

News

Structural adjustment for IMF cafeteria

For years, IMF staffers, some of Washington's highest-paid workers, have been enjoying haute cuisine at cut-rate prices. Frugal friends from the World Bank have also been spotted at the Fund trough since their subsidized lunch was axed in 1995. In the spirit of Labour Day solidarity, the IMF stopped subsidising the food at its cafeteria on May 1.

26 May 2003

Infrastructure

News

World Bank was “Enron pawn”

A report released by the Institute for Policy Studies (IPS) claims the World Bank provided over $750 million in assistance to Enron power projects in seven different countries in the 1990s.

8 May 2002

IFI governance

News

World Bank contributes $2bn to Washington

A study from George Mason University has found that the World Bank generates $2 billion in economic activity annually for the Washington DC region.

8 May 2002

Finance

News

O’Neill supports bankruptcy mechanism

In September US Treasury Secretary, Paul O’Neill, told the Senate Banking Committee that he would favour establishment of an international bankruptcy law as an alternative to IMF bailouts.

2 November 2001

Accountability

News

After 11 September: Towards a new multilateralism?

The implications for the World Bank and IMF of the 11 September atrocities and their aftermath are as yet uncertain.

2 November 2001

Rights

News

Seattle remembered at IMF protests

Activists and NGOs in Washington marked the first anniversary of the Seattle-WTO protests by holding a counter-reception outside the IMF’s headquarters during the formal opening of its new visitor center.

12 December 2000

Conditionality

News

US Congress rules against user fees

In July, the United States Congress passed legislation aiming to bar the International Monetary Fund and the World Bank from imposing “user fees” on primary health care and education on poor countries.

11 August 2000

Accountability

News

US Report Criticises WB Corruption Controls

In April the US General Accounting Office has produced a report on the World Bank’s anti-corruption strategy.

14 June 2000

Conditionality

News

Provocative report on IMF and World Bank reforms

A US Congress commission, which reported in March, called for major cut backs in World Bank and IMF activities.

15 April 2000

IFI governance

News

Danger US Right wing will dominate reform agenda

The Meltzer Report has renewed fears that the debate on International Financial Institution (IFI) reform will be heavily skewed towards right-wing interests.

15 April 2000

IFI governance

News

GAO Investigates IMF transparency

The U.S. General Accounting Office (GAO), the audit and investigative agency of the U.

15 September 1998