The fourth week of the drama unfolding at the World Bank over president Paul Wolfowitz’s promotion of partner Shaha Riza has raised more question marks over Wolfowitz’s judgment during his time at the Bank, further calls for his resignation, and widespread recognition of the need to end the fix which sees the president chosen by the US administration.
On 15 December SOAS, in conjunction with BOND and the Bretton Woods project, hosted a follow up to October's UK seminar on the financial crisis. This event aimed to utilise academic work on the topic in the development of coherent policy responses.
El Grupo de Evaluación Independiente (IEG) encontró que el 80 por ciento de los proyectos fueron moderadamente satisfactorios o tuvieron una mejor calificación en la consecución de sus objetivos, y con ello lograron la meta de desempeño del mismo Banco. Sin embargo, también encontró que "muy pocos programas están produciendo los resultados de la buena práctica".
Latest political actions by countries and organisations to reform the international financial architecture in the light of the current financial crisis. This includes actions by the G20, the United Nations, and others.
What roles should twenty first century international financial institutions (IFIs) play, and how should they be structured? This paper sets out some of the key issues that would need to be resolved at a second UN monetary and financial conference - a 'Bretton Woods 2' - and discusses the road ahead.
Inspection Panel reports relating to Albania and Uganda expose World Bank non-compliance in a number of areas. These findings are compounded by allegations of corruption and the obstruction of the Inspection Panel investigation.
Recent UN global climate negotiations in Poland highlighted ongoing tension over whether funds will be channelled through the United Nations or the World Bank and once again shone a light on the role of the Bank as a major investor in carbon intensive projects.
The IFIs are gaining prominence but also attracting renewed criticism. In a series of articles we cover the political response to the financial crisis, the IMF's lending, the World Bank's boost in lending and proposals for reform of the international architecture.
While the IMF undertakes high-speed reviews into its lending instruments and conditionality, it continues to make crisis loans with heavy conditionality that may adversely impact the poor in developing countries.
According to the 2008 Global Accountability Report, written by UK NGO the One World Trust, the International Finance Corporation (IFC) scores well compared to other international institutions on its accountability policies.
As economies slump across the world, the World Bank and the IMF are looking to pump out cash, but while the Bank
The first signs of a promised dramatic increase in World Bank lending are emerging, but critics continue to attack the Bank’s lending practices, including its controversial use of conditionality.
New briefing by ActionAid USA and the Bretton Woods Project highlights research showing that IMF policy advice has undermined a just energy transition since the Paris Agreement was signed.
