Search Results for: global infrastructure facility

Accountability

Background

5 October 2007 | Inside the institutions

The World Bank and financial sector reform

Financial sector reform constitutes a major area of work for the World Bank.

IFI governance

News

5 October 2007

Questioning the IFC's impact "without embarrassment"

In August, the World Bank's Independent Evaluation Group (IEG) released its evaluation of the development results of the International Finance Corporation (IFC), finding that of the 627 projects surveyed, 59 per cent are claimed to have achieved a high development rating.

IFI governance

News

5 October 2007

Deforestation and double standards

As the Bank prepares to launch its Forest Carbon Partnership Facility forestry experts fear that this framework will benefit industrial scale logging.

IFI governance

Background

26 October 2007 | Minutes

The role of low-income countries in IFI governance

Highlights of a 19 October discussion on the role of low-income countries in IMF governance at the World Bank-IMF annual meetings 2007.

IFI governance

Analysis

4 February 2008 | Review

The IFIs in 2007: year in review

2007 will certainly go down in the annals of the IFIs as an annus horribilis. But a bad year for the IFIs has meant a relatively good year for developing country policy space.

Knowledge

Background

1 February 2008 | Resource

Recommended resources 2007

Recommendations from Bretton Woods Project staff on the best papers, books and electronic resources of 2007.

IFI governance

News

31 January 2008

Staff in black

Thanks to pressure from the major shareholders the IMF’s new managing director Dominique Strauss-Kahn is being forced to cut the IMF’s budget. Internal documents reveal some details of the restructuring, including 15 per cent staff layoffs and charges for technical assistance, but fail to shed light on whether the Fund will shift away from dictating to poor countries and towards overseeing global markets.

Knowledge

News

1 February 2008

New figures cast shadow over Bank poverty reduction claims

Preliminary recalculations of global economic output excluding differences in domestic prices and currencies, released by the World Bank in mid-December, may undermine the much-trumpeted claims that globalisation has reduced the number of people living in extreme poverty.

Rights

Commentary

1 February 2008 | Guest comment

Whoever loses, the Bank always wins

The World Bank developed its campaign to 'combat' climate change through curbing carbon emissions from deforestation in tropical countries, but nobody noticed that the Bank, through its lending and development policies, has been promoting deforestation in tropical countries like Indonesia.

IFI governance

Background

1 February 2008 | Inside the institutions

The IFIs and Islamic finance

The World Bank Group and the IMF have become more involved in assistance to and oversight of Islamic financial institutions.

Environment

News

1 February 2008

IFC offloads illegal timber trader

the IFC has offloaded its 3.35 per cent equity stake, worth up to $7.5 million in the Singapore-based global commodities trader, Olam International

Private Sector

News

1 February 2008

De Rato in the money

Former IMF managing director Rodrigo de Rato, whose June 2007 announcement that he would resign surprised many, has taken up posts at large private sector banking institutions.