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Bretton Woods Update 25

  • Oct/Nov 2001
  • PDF
  • Text
  • Past Issues

IFI governance

News

New briefing on IMF reform proposals

2 November 2001

A new briefing argues for a reformed International Monetary Fund within “a new financial architecture”.

Conditionality

News

Ownership friendly conditionality

A new IMF paper proposes changes to current methods of applying conditionality.

2 November 2001

Rights

News

After 11 September: Towards a new multilateralism?

The implications for the World Bank and IMF of the 11 September atrocities and their aftermath are as yet uncertain.

2 November 2001

Rights

News

Anti-globalisation campaigners carry on

After an initial period of shock and confusion in the wake of the 11 September attacks on the US, anti-globalisers have resumed their protests against multilateral trade and financial institutions.

2 November 2001

Trade

News

More WTO-World Bank-IMF cooperation on trade

The draft Ministerial Declaration for the World Trade Organisation’s Doha Meeting in November calls for the WTO to cooperate more closely with the World Bank and IMF.

2 November 2001

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Advocacy Programs

  • Gender Equality & Macroeconomics project
  • Environmental advocacy

World Bank & IMF in the news

Knowledge

News

2 November 2001

Macro policy and poverty reduction reviewed

More research is necessary on the linkages between macroeconomic policy and impacts on the poor, concludes a new paper from the IMF.

IFI governance

News

2 November 2001

Tanzanian citizens marginalised in donor meeting

The Consultative Group (CG) meeting held in Tanzania in September was criticized by Tanzanian civil society organizations (CSOs) for failing adequately to involve citizens.

IFI governance

News

2 November 2001

Fund must improve governance

A report commissioned by the G24 group of Southern governments has called for a revamp of the IMF’s governance structure to reflect the role played by developing countries within the global economy.

Rights

News

2 November 2001

Protests escalate in Argentina

A recently formed movement of unemployed Argentinians erected roadblocks to protest at the government’s drastic cut-backs in public spending.

Finance

News

2 November 2001

O’Neill supports bankruptcy mechanism

In September US Treasury Secretary, Paul O’Neill, told the Senate Banking Committee that he would favour establishment of an international bankruptcy law as an alternative to IMF bailouts.

Finance

News

2 November 2001

HIPC not delivering debt relief

The Heavily Indebted Poor Country (HIPC) Initiative is failing to deliver debt relief, reports the Financial Times (9/10/01).

Finance

News

2 November 2001

Financial architecture conference report

The Commonwealth Secretariat has published the discussion papers of the Developing Countries and the Global Financial System conference held at Lancaster House, London in July 2000.

Social services

News

2 November 2001

Gender mainstreaming endorsed

The World Bank has come up with a new Gender Mainstreaming Strategy, endorsed by Bank Executive Directors on 18 September.

Knowledge

News

2 November 2001

Poverty reduction progress assessed

In September around 400 people gathered in Senegal to discuss Poverty Reduction Strategies.

Conditionality

News

2 November 2001

Ghana PRS has “potential”

An assessment of Ghana’s Poverty Reduction Strategy process (GPRS) suggests there is much potential for formulating, in a participatory manner, an effective poverty reduction strategy.

Knowledge

News

2 November 2001

Everyone loves a winner

The same man who called the World Bank’s approach to privatisation “bribarization” and publicly renounced the Washington consensus received passionate support from the World Bank’s President when he became a Nobel laureate.

Finance

News

2 November 2001

Tobin Tax on EU agenda

Proposals for a “Tobin Tax” on international currency speculation are getting further hearings and support.

Private Sector

News

2 November 2001

MIGA responds to critics

The Multilateral Investment Guarantee Agency (MIGA) has issued a 13-page response to the report Risky Business published by Friends of the Earth and other NGOs this summer.

Social services

News

2 November 2001

New report on Bank’s private sector strategy

The World Bank’s proposed new private sector development strategy is criticised in a response from Public Services International Research Unit (PSIRU).

Social services

News

2 November 2001

World Bank rethinks higher education

The World Bank sent a delegation to UNESCO’s conference on higher education in Paris in October, led by Maris O’Rouke, Director of the Human Development Network Education Group.

Rights

News

2 November 2001

Attac explores launch in UK

A UK branch of the international ATTAC network will be discussed at a meeting on 17 November.

IFI governance

News

2 November 2001

Poor report card for IFC

The International Financial Corporation (IFC) has faced criticism of its activities by its internal watchdog, the Operations Evaluation Group (OEG).

Conditionality

News

2 November 2001

New Bank report sets out trade agenda

Reshaping the world’s trade system and reducing barriers to trade could accelerate medium-term growth and reduce poverty around the world, concludes Global Economic Prospects and the Developing Countries 2002: Making Trade Work for the World’s Poor.

Private Sector

Analysis

2 November 2001

At whose disposal? Institutionalising the market

The latest World Development Report (WDR) places the market at the centre of any institutional framework for development and confirms the Bank’s neoliberal approach to development (October 2001).

Conditionality

News

2 November 2001

Malawian PRSP concerns

The Malawian Economic Justice Network released a statement in early September.

Conditionality

News

2 November 2001

PRSPs “exclude environment”

Friends of the Earth has produced a paper arguing that the Poverty Reduction Strategy process has overlooked environmental concerns.

Knowledge

News

2 November 2001

New report on IFIs and sustainable development

In June a conference was held at Chatham House in London to discuss “Increasing the Contribution of International Financial Institutions to Sustainable Development in the run up to Rio+10”.

Infrastructure

News

2 November 2001

New report on Global Public Goods

A new study for the Swedish Ministry for Foreign Affairs by the UK-based Institute of Development Studies contains case studies on financing mechanisms for biodiversity conservation, climate change abatement, peace and security, HIV/AIDS research and financial stability.

Social services

News

2 November 2001

Bank private sector strategy opposed

NGOs have expressed “dismay” at the World Bank’s proposed private sector strategy.

Knowledge

News

2 November 2001

Bank economist investigated for article

World Bank economist William Easterly faces disciplinary proceedings over an article he wrote for the Financial Times.

Rights

News

2 November 2001

Bank watchdog compiles briefings

The Bank Information Centre has compiled a series of issue briefings on various aspects of World Bank and IMF-related activities.

Rights

News

2 November 2001

IFIs must respect human rights

The World Bank and the IMF are bound by obligations enshrined in international human rights covenants, and must incorporate human rights considerations in the formulation and review of their Poverty Reduction Strategy Papers (PRSPs).

News

2 November 2001

Bretton Woods Project news

Angela Wood is to leave the Bretton Woods Project at the end of December.

Trade

News

2 November 2001

Crisis or Opportunity? The International Financial Institutions and civil society in a new political

In the aftermath of the tragic events in the United States on 11 September, civil society groups have been discussing their causes and likely impacts.

More news

Featured briefings

8 December 2022

The Bretton Woods Observer: Winter 2022

6 October 2022

World Bank and IMF Annual Meetings 2022

4 October 2022

The Bretton Woods Observer: Autumn 2022

More briefings

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