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).
Finance
Finance
News
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.
Conditionality
News
Argentina to be sacrificed on free-market altar?
In August, Argentinian teachers, doctors and public workers went on strike and unemployed workers and students blocked roads to protest against rising unemployment and cuts in pensions and salaries.
Finance
News
Will grants kill IDA?
Heated debate is brewing between the US government which proposes that the Bank’s International Development Association (IDA) should provide up to 50 per cent of its resources as grants and some European governments (supported by the Bank) who argue that to do so would deplete IDA’s resources.
Finance
News
Road map letter from Bretton Woods Project
Road Maps For Capital Account Liberalisation
Finance
News
Response UK Treasury - CAL
Road Maps For Capital Account Liberalisation - Response UK Treasury
Finance
News
Reality check on debt
A new report from Drop the Debt argues that the World Bank and IMF can afford to cancel in full the debts of the poorest countries without putting at risk their finances.
Finance
News
IMF and WB wanted for fraud
Protesters carrying placards proclaiming “Africa Needs Liberation Not Charity” and “the Debt is a Fraud” gathered outside World Bank offices in London on 26 May to mark African Liberation Day.
Finance
Background
Capital Account Liberalization and Poverty:
Summary of a discussion hosted by the Heinrich B
Finance
News
African leaders speak out against donors
At a forum in Lagos Nigerian President Olusegun Obasanjo accused the World Bank, International Monetary Fund and creditor nations of being unfair to developing countries trying to repay crippling external debts, reports Reuters (17/5/01).
Featured briefings
16 October 2024
The Bretton Woods Observer: Autumn 2024
16 October 2024
The lost call for international financial architecture reform in the G20
At the 80th anniversary of the World Bank and IMF, global civil society must maintain pressure on the Brazilian and South African G20 presidencies to ensure the forth Financing for Development Conference in 2025 results in urgently required international financial architecture reform.
16 October 2024
Sustainable development requires sustainable finance: why local currency financing is part of the solution
Multilateral development banks can reduce their dependence on hard currency lending and make local currency financing a central element of their developmental mandate.