An internal Bank report has concluded that the poor are better off without structural adjustment.
Conditionality
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Lack of impact assessments constrains policy choices
Due to a lack of information on impacts associated with adjustment reforms, there is still no discussion of realistic policy choices and trade-offs in Poverty Reduction Strategies, according to an Oxfam International letter sent to the heads of the Bank and Fund in December.
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G24 report on IFI governance agendas
The Group of 24 Southern countries published a research paper on “Governance-related conditionalities of the International Financial Institutions”.
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Bolivian development processes
A new paper examines the different development framework processes in Bolivia and how they interrelate.
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New PRSP booklet
World Vision has produced a useful critique of the PRSP process and the IMF and World Bank’s role within it, PRSPs: Good News for the Poor? The booklet offers some helpful suggestions to the Bank and IMF to improve the PRSP process.
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Reflections on Kenyan PRSP process
NGOs in Kenya are highly critical that the Poverty Reduction Strategy process did not fully involve NGOs, was dominated by the Bank and IMF and was not poverty focussed.
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IMF and WB conditionalities may be kept secret
As consultations on the World Bank’s disclosure policy move ahead, the Bank has taken steps which allow governments to withhold essential information to country stakeholders.
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Tanzanian NGOs criticise PRSP
The Government of Tanzania’s Poverty Reduction Strategy Paper (PRSP) was endorsed by the IMF and WB Boards in early December despite claims from Tanzanian NGOs that the consultative process was inadequate.
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US rejects user fees
The US government has been forced to adopt legislation requiring it to oppose IMF and WB loans, which contain conditions for the imposition of user fees for primary education or primary health care.
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Argentine bail-out causes more hardship
After weeks of jockeying by the Argentinian government, the IMF and the US Treasury Department finally agreed to provide $18 billion to bailout Argentina’s troubled economy in November.
