In April the Bank’s Board discussed a progress report on the Strategic Compact: Wolfensohn’s reform package agreed one year ago.
In March the Bank Board discussed the Bank’s approach to NGOs.
The IMF is holding a meeting in late May in Ghana to explain its strategy to NGOs there.
In April Jane Hill, President of the American Anthropological Association, wrote a strong letter to Bank Group President James Wolfensohn and Carol Lee, IFC Vice President and General Counsel.
The Bank is just completing a review of three years of "Higher Impact Adjustment Lending"…
The IMF has been urged to be more transparent and accountable by a US Study Group convened by the Centre of Concern, and by the UK Chancellor.
The Bank will spend $50m over the next two years recruiting financial sector experts for a new Special Financial Operations unit.
UK Secretary of State for International Development Clare Short told the Financial Times in April: “We are in a very silly situation. The international institutions are meant to be complementary, but the IMF keeps charging around taking other peoples’ jobs in areas where it is not necessarily competent”.
Donor procedures and aid coordination have improved and resource flows to Sub-Saharan African countries increased under the Special Programme of Assistance for Africa (SPA), according to a recent report.
The IMF and World Bank should reform their constitutional rules and decision-making procedures and practices if they are to achieve the standard of good governance they themselves have defined for borrowing members.