In October UK Executive Director Stephen Pickford was called before the Treasury and International Development Select Committees for questioning by MPs.
Conditionality
Conditionality
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New participation study
The Institute of Developoment Studies is reviewing participatory approaches to formulating and monitoring poverty reduction strategies.
Conditionality
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IMF takes on poverty mandate
Important changes to the IMF’s remit in the poorest countries were announced at the IMF-WB Annual Meetings in September.
Conditionality
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Southern organisations demand end to adjustment
Organizations and activists in more than 20 Southern countries have launched a campaign against the destructive lending policies of the World Bank.
Conditionality
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IMF crisis conditions reviewed
A new review of IMF conditionality will assess the conditions applied to financial crisis countries, and recommend future approaches.
Conditionality
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PNG Government avoids conditionality
Relations between the Bank and the government of Papua New Guinea were strained in July by the government’s decision to issue bonds to raise money from the private sector.
Conditionality
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Social Principles limited to crisis situations
The Bank’s paper on best practices for implementing the social principles will be discussed by the Board on 10 September.
Conditionality
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WB-IMF orthodoxy rivalled by Asian Development Bank
The Asian Development Bank Institute (ADBI), led by its new head Masaru Yoshitomi, has mounted an attack on the IMF’s use of conventional policies for dealing with the crisis in Asia and plans to hold meetings and seminars to challenge the IMF’s approach at the Bank/Fund annual meetings.
Conditionality
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Strikers in Colombia in protest at IMF and debt
In late August Colombian labour unions began an indefinite national strike in protest at the government’s political, social, and economic agenda and calling on the government to declare a moratorium on the payment of its internal and external debt.
Accountability
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Bank develops “governance indicators”
On 1 July the Bank held an informal Board seminar to discuss “governance indicators”.