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News

13 June 2011

Rehash of failed policies for Arab states?

As revolutionary movements sweep the Arab world, the World Bank and the IMF have taken a lead in international economic engagement in the Middle East and North Africa region. But critics have warned of the dangers of locking transitional governments into long-term loans with economic conditionalities that may perpetuate the flawed development model that contributed to the crisis in the first place.

Finance

News

13 June 2011

IMF paper finds lobbying contributed to financial crisis

In May, three IMF staffers published a working paper with National Bureau of Economic Research,, A Fistful of Dollars: Lobbying and the Financial Crisis, pointing out the role of lobbying by financial firms for lax regulation which directly led to the 2008 subprime crisis.

IFI governance

News

10 June 2011

European countries plot heist of IMF top job once again

As nominations close on the IMF leadership race it seems certain that European countries will trample over promises for "an open, merit-based and transparent selection process", and succeed in shoe horning French finance minister Christine Lagarde into the job.

IFI governance

Analysis

10 June 2011 | Briefings

Question time for candidates! Public debate needed for IMF leadership post

The IMF still needs fundamental reform if it is to be relevant to the global economy of the 21st century and to operate in the interests of ordinary people all over the world. We believe there are 4 key areas where these candidates must answer questions and that these questions should be answered in a public debate among the candidates.

IFI governance

Commentary

23 May 2011 | Press release

More than 100 global campaigners call for fair appointment of IMF managing director

With the resignation of the International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn, a global coalition of campaigners has called for an open and merit-based process to elect the next IMF head.

IFI governance

News

23 May 2011 | Letters

Open letter to all Governors of the International Monetary Fund

Because of the resignation of Dominique Strauss-Kahn as IMF Managing Director, we are writing to urge you to push for the selection of the best candidate through an open, merit-based, transparent process, and the public support of the majority of the IMF membership, including developing countries.

IFI governance

Commentary

19 May 2011 | Press release

Campaigners demand fair selection process on Strauss-Kahn resignation

With the resignation of the International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn, a global coalition of campaigners has called for an open and merit-based process to elect the next IMF head.

Accountability

Analysis

15 May 2011 | Review

The IFIs in 2010: year in review

2010 was a year of uncertainty for the global economy. While many countries, particularly emerging markets, emerged from recession, public finances deteriorated across the globe as governments struggled to recover from the recent crisis. The troubles of the Eurozone dominated the headlines, but this only reflected the continued fragility of many countries still reeling from the biggest depression since the 1930s. The ongoing impacts of the recession remained high, particularly on the poor and vu

Rights

Analysis

13 May 2011 | Note

Debt and austerity - from the global South to Europe

In early May, more than 400 activists in Greece and campaigners and academics from across the world met in Athens to confront the current debt crisis of the European periphery and plan international solidarity and coordinated action against fiscal austerity imposed by governments.

IFI governance

Background

13 May 2011 | Minutes

IMF consultation on the 2011 review of conditionality

Minutes from a 4 May 2011 consultation in London between civil society organisations and IMF staff.