Western Europe

Finance

News

ESAF reforms to focus on poverty eradication

Clare Short, UK Secretary of State for International Development, has called in parliament for the reform of the IMF’s ESAF loans to make them pro-poor.

15 June 1999

Rights

News

Post-crisis social code diluted to weak Bank principles

There is danger that the aims and scope of the social principles (formerly the Social Code), which was proposed by Gordon Brown as a fourth pillar of the new international architecure, will be watered down to become simply a framework for the Bank’s social policy.

15 March 1999

IFI governance

News

Financial Stability Forum agreed

The G7 will establish a Financial Stability Forum (FSF) to improve the monitoring and regulation of financial markets.

15 March 1999

IFI governance

News

IMF social staff appointed

The UK Department for International Development is funding 2 social advisors to join the IMF’s Africa department to advise on the social implications of the IMF’s ESAF programmes.

15 March 1999

IFI governance

News

MPs’ committee to Washington

The UK parliamentary committee on international development travelled to Washington in early November to interview World Bank, IMF and NGO staff.

15 December 1998

IFI governance

News

Blair proposes IFI reforms

UK Prime Minister Tony Blair made a speech at the New York Stock Exchange arguing that the World Bank and IMF have fundamental weaknesses and need to be reformed.

15 September 1998

IFI governance

News

Rischard plans to raise the Bank’s European profile

Jean-Francois Rischard is moving from the Bank’s Washington office to take up the new post of Vice President for Europe.

15 September 1998

Finance

News

UK pushing controversial new IMF powers

The UK government is leading the effort to enable the IMF to pursue capital account liberalisation (CAL) in its member countries.

15 April 1998

Environment

News

O’Donnell Returns

Gus O'Donnell, the UK Executive Director to the Bank and Fund, will return to London…

15 January 1998

IFI governance

News

UK White Paper Suggestions

The UK Government’s White Paper on International Development, launched in November, made excellent statements about focussing more firmly on poverty and the environment but lacked detail on specific policy targets for the World Bank and IMF.

15 January 1998