IFC disagrees with concerns raised by CAO about its capacity to assess whether its investments through financial intermediaries have a positive development impact.
UN experts have questioned the World Bank’s draft safeguards’ lack of references to human rights, meanwhile the consultation process continues to raise concerns by NGOs.
Notes of a meeting on BRICS’ Contingent Reserve Arrangement (CRA) and the New Development Bank (NDB) at the World Bank-IMF annual meetings 2014
Notes of a meeting on IFC lending through financial intermediaries at the World Bank-IMF annual meetings 2014
UN votes to adopt developing countries’ resolution on a legal framework for debt resolution, independent of creditors, including the IMF.
The IMF rings more warnings about the costs of having an oversized financial sector, but fails to recommend stronger controls on the banking sector.
2010 agreement to reform IMF voting shares in favour of developing countries flounders as IMF governance reforms blocked by US Congress, again. Developing countries expressed anger and raised concerns about the Fund’s ability to deal credibly and effectively with new and ongoing financial crises.
The release of the final IDA paper in April confirmed that IDA 17 represents a 7.7 per cent decline in IDA resources. The replenishment saw a loan of $1 billion from China and less generous lending terms for IDA borrowers.
Aldo Caliari Monetary policy changes in rich world are now starting – the reversal of…
US legislature’s spending bill blocks IMF governance reform, insists the World Bank pay reparations to communities that suffer human rights abuses, and bans US support for large dams or extractive projects in tropical forests.
The World Bank’s December 2013 claim of a record IDA replenishment was undermined by lumping donor loans in with grants and a decline in real terms, while India secured transitional support.
Gonzalo Castro de la Mata was appointed as a new member of the World Bank's Inspection Panel in December 2013.