28 January 2003
Private creditors oppose the proposed “sovereign debt restructuring mechanism” (SDRM) and the Fund seems ready to further dilute a plan that NGOs already considered flawed.
The World Bank is considering withholding funds from Cambodia in response to government moves against Global Witness, an independent monitor of the forestry sector.
An official report has found that villagers in Eastern India, have suffered harm to their livelihoods as a result of a Bank-backed coal mining project.
Mulima Kufekisa Akapelwa, Economic Justice Programme Coordinator for the Catholic Centre for Justice, Development and Peace, says that IMF-forced privatisation leads Zambians to ask who their government answers to.
After over a year of stalled negotiations, the G7 in mid-January strong-armed the IMF into signing an agreement that will roll over $6.6 billion of Argentina's debt.
The IMF says that streamlining will make conditionality more efficient, effective and focused. Careful scrutiny suggests there is still plenty to question in the new approach.
Understanding the Bank’s chequered history with public, community and civil society participation is key for understanding what is at stake and what to do next.
New paper analyses the IMF 16th Quota Review and identifies key governance reforms feasible in the current economic and geopolitical context.
