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IFI governance

Commentary

3 July 2012 | Humour

Timely Canadian action on governance reform

The Bretton Woods Project would like to sincerely thank the Honorable James M. Flaherty, Canada's finance minister, for his kind end June response to a letter we sent him about leadership selection at the IFIs.

Conditionality

News

3 July 2012

Eurozone meltdown: IMF providing "political cover"

As European elections show the public increasingly rejecting austerity, critics call on the IMF to focus on the flaws of the eurozone rather than austerity in country programmes.

Finance

News

3 July 2012

IMF pushes for fully convertible yuan

After high-level talks in May, Chinese vice premier Wang Qishan announced US support for the inclusion of the yuan in the currency basket for the IMF's special drawing rights, the international reserve assets issued by the Fund. While this supports Chinese plans to make the yuan an alternative reserve currency alongside the US dollar and the euro, IMF recommendations for China to speed up the move to convertibility and fully open its capital account have attracted domestic criticism.

IFI governance

News

3 July 2012

IMF poverty focus challenged

In the middle of a review of its lending facilities for low-income countries (LICs) and a funding drive for more concessional resources, the IMF is facing criticism over its conditionality and a review of its debt sustainability framework.

Infrastructure

News

3 July 2012

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".

IFI governance

News

3 July 2012

IMF contribution without representation?

While the IMF has been promised another $456 billion to add to its coffers, large emerging markets are conditioning their contributions on governance reforms. Meanwhile, activists are calling for deeper changes in the way international institutions are governed.

IFI governance

Background

3 July 2012 | Inside the institutions

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

News

3 July 2012

Sargon Nissan joins the Project

We are delighted to welcome Sargon Nissan as the new manager of the Bretton Woods Project's work programme on IMF and finance.

Conditionality

News

3 July 2012

IMF and debt hold Jamaica back

A report published in May by the US-based Center for Economic and Policy Research (CEPR) found that an overwhelming debt burden and conditions on IMF loans are hindering Jamaica's economic recovery.

IFI governance

News

3 July 2012

Parliamentarians call World Bank and IMF policies "unfair" and "ill-intentioned"

At an assembly held in Kampala in early April, IPU delegates criticised World Bank and IMF policies for being "unfair, non-transparent and ill-intentioned," and described how minimal parliamentary oversight hinders national ownership of development.

Finance

News

22 June 2012

Will the IMF "make history" with a new view on capital flows?

In October the Fund is expected to present in October an updated institutional view on capital account regulations. The most recent IMF paper on the topic received criticism for advocating for capital account liberalisation in China and India. Meanwhile emerging economies worry that the Fund's prescriptions still constrain their capacity to cope with global financial volatility.

News

23 May 2012

Prize draw for Bretton Woods Project audience survey 2012

Prize draw for Bretton Woods Project audience survey 2012