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Accountability

News

14 September 2011

US legislators try to cut funding to IFIs

In late July, a US House of Representatives sub committee, now controlled by the Republican party, moved to slash funding to multilateral institutions.

Conditionality

News

14 September 2011

Will the Fund consider equity issues in its tax approach?

NGOs ActionAid and Eurodad published in July a review of IFIs' approach to taxation.

IFI governance

News

14 September 2011

IEO publishes draft issues papers on IMF advice, learning systems

Over the summer the Independent Evaluation Office of the IMF released draft issues papers for two forthcoming evaluations.

Finance

News

14 September 2011

Arab civil society rejects IFI involvement

In late June the Egyptian Ministry of Finance turned down a $3 billion loan package from the IMF, citing the rejection as a response to "public debate".

Conditionality

News

14 September 2011

IMF staff warm to 'Robin Hood tax'

An August IMF working paper by John Brondolo takes the IMF into new territory, giving detailed information on how a financial transaction tax (FTT) could be implemented.

IFI governance

News

14 September 2011

IMF may face resource shortfall, warns Lagarde

In late July, IMF head Christine Lagarde raised the prospect that the IMF simply does not have enough money to confront the possibility of major sovereign debt crises in Europe.

Rights

News

14 September 2011

Ukraine protests against IMF policies

In early July, thousands of protesters took to the streets in the Ukrainian capital Kiev to try to block pension reforms promised as part of the country's IMF loan.

Conditionality

News

14 September 2011

Evaluations suggest IMF, World Bank research ideologically driven

A report by the IMF’s arms-length evaluation body, the Independent Evaluation Office (IEO), suggests that Fund research does not allow room for alternative perspectives, while academics attack the World Bank for pursuing ideologically driven research agendas.

IFI governance

News

14 September 2011

2011 World Bank-IMF Annual Meetings schedule

Tentative schedule of the World Bank-IMF spring meetings in Washington DC, from 21 to 26 September, 2011.

Accountability

News

14 September 2011

Scandals threaten IFI governance

With the new IMF head and a Bank’s managing director under judicial investigation, questions continue to be asked about IFI governance, while implementation of existing reforms remains slow.

Accountability

News

14 September 2011

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

14 September 2011

Forty years is enough?

On the 40th anniversary of US default on its gold convertibility obligation, decreasing confidence in the dollar has strengthened calls to reform the international monetary system. The IMF is accused of ignoring inequities at the core of the system, while developing countries are increasingly seeking alternative regional arrangements.