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
Sub-Saharan Africa
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".
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.
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.
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
Accountability
News
Complaint against the IFC in Mozambique
The Compliance Advisor/Ombudsman (CAO), the International Finance Corporation's (IFC) accountability mechanism, has transferred a complaint over an IFC-supported project in Mozambique to its compliance function, which will assess whether the project has breached the IFC's performance standards.
Accountability
News
The World Bank and extractives: a rich seam of controversy
As World Bank projects fail to reduce corruption in the mining sector in the Democratic Republic of Congo (DRC), International Financial Corporation (IFC) investments in extractives are provoking complaints and protests around the world.
Social services
News
World Bank-funded "toxic dumping ground"
Ugandan newspaper New Vision called attention to the "horrific sanitation conditions" of a Bank-funded waterway in Uganda in November 2011
Conditionality
News
Inflation "obsession" hurting Kenyan growth
Constraints placed on the Central Bank of Kenya's monetary policy by the IMF have been condemned as damaging to Kenya's growth.
Finance
News
Bank upgrade of Zambia fails to impress
The World Bank's reclassification of Zambia from low-income country to lower middle-income country has been hailed as an economic achievement by Zambia's president Rupiah Banda, but is less celebrated in other quarters.
Accountability
News
South African loan to Swaziland hinges on IMF conditions
The crisis-hit government of Swaziland agreed a 2.4 billion rand ($324 million) loan from South Africa in August, which will be conditioned on the adoption of IMF-recommended fiscal reforms.
Finance
News
South Sudan born free from IFI debt
While South Sudan achieved formal independence in early July, it was not until late July that full agreement was reached that left South Sudan with no debt, apportioning all existing debts, including significant arrears to the IMF and World Bank, to Sudan alone.
