Sub-Saharan Africa

Finance

News

Malawians feel the pinch of IMF reforms

Demonstrations have taken place throughout Malawi prompted by the rising cost of living and the increasingly unpopular leadership of president Joyce Banda who has been closely following a US$156 million three-year programme approved in July, 2012 by the IMF's Extended Credit Facility (ECF).

13 February 2013

Accountability

News

A forest of failures

A leaked copy of an evaluation of the Bank's forest strategy criticises the Bank's failure to address social and environmental goals. Further criticism has also been raised over the Bank's Forest Carbon Partnership Facility (FCPF).

12 February 2013

Conditionality

News

IMF-Zimbabwe relations tentatively resume

In September the IMF executive board praised Zimbabwe's efforts to repay its debts to the Fund and relaxed restrictions on technical assistance.

6 December 2012

Social services

News

World Bank's health work challenged on gender

Gender Action's new report Banking on health, published in October, examines IFIs' commitment to addressing gender issues in health-related projects.

6 December 2012

Accountability

News

CAO to facilitate dispute resolution over Chad-Cameroon pipeline

In November, the Compliance Advisor/ Ombudsman (CAO), the accountability mechanism for the Bank's private sector arm, published its assessment of a 2011 complaint from a Chadian group of NGOs on behalf of local inhabitants and communities affected by a pipeline in Chad.

6 December 2012

Social services

News

IFC to fund Nigerian shopping malls to improve food security

The Bank's private sector arm, the International Finance Corporation (IFC), announced in June that it will invest $124 million in Nigerian property development group, Persianas to construct at least four shopping malls, a "high growth" sector in Nigeria.

2 October 2012

Finance

News

World Bank urged to review Rwandan support

Human Rights Watch (HRW) has asked the World Bank to review its support for Rwanda in the light of strong evidence of its "disregard of fundamental human rights", including killings of civilians, sexual violence, forced recruitment of children and torture.

2 October 2012

IFI governance

Background

Revolving doors: staff turnover between IFIs and African governments

The term 'revolving doors' refers to frequent staff turnover between institutions, usually relevant when these represent different interests working on the same policy issues. This serves to foster cross-institutional networks, practices and alliances. The staff turnover between international financial institutions (IFIs) and borrowing governments works as a mechanism through which specific ideas and practices learnt and promoted in IFIs are translated into policies in borrowing countries

3 July 2012 | Inside the institutions

Infrastructure

News

IMF and World Bank disagree over Ugandan taxes?

World Bank advice on taxes has been contradicted by a senior IMF representative who says that Uganda's tax system is "not fair".

3 July 2012

Accountability

News

World Bank fails to take action on Eskom risks

The World Bank has declined to take immediate action over identified issues on water availability, air quality and community services related to Eskom for the Medupi coal-fired power plant in South Africa.

3 July 2012

Environment

News

IMF approves Angola funding

The IMF has agreed to release $133 million to Angola, despite calls for the Fund to withhold the disbursement until the Angolan government accounts for a $32 billion "discrepancy" in its public accounts.

3 July 2012

Conditionality

Analysis

IMF policy recommendations

IMF policy recommendations are often criticised for being too restrictive, procyclical and paying little attention to country-specific circumstances. In the aftermath of the 2008 crisis, the Fund showed some policy rethinking, bringing about expectations of change. However, Rathin Roy and Raquel A. Ramos of the UNDP Policy Centre for Inclusive Growth analyse IMF policy recommendations given to developing countries and conclude that headquarters' receptiveness to new approaches has not been trans

27 March 2012 | At Issue