Knowledge Centre : Economy : International Financial Institutions : Page 2
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- Report of the External Review Committee on Bank-Fund Collaboration
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The International Monetary Fund's work infringes on World Bank programs, and the IMF should focus more on macroeconomic areas and leave loans to poor countries to the Bank, an independent committee has urged. "The fund's financing activities in low-income countries is an area where it has moved beyond its core responsibilities and into activities that increase its overlap with the world of the Bank," said the committee, which was created by the IMF and the Bank and whose authors include several countries' current and former finance ministers. (External Review Committee on IMF-World Bank Collaboration)
http://www.imf.org/external/np/pp/eng/2007/022307.pdf
(Added: Thu Mar 08 2007 Modified: Fri Mar 09 2007 Hits: 192)
- South East Europe Development Watch
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South East Europe Development Watch (SEEDW) - formerly known as Stability Pact Watch - is a coalition of South East European environmental non-governmental organisations (NGOs) monitoring and campaigning on the investments made by international financial institutions (IFIs) and the European Union (EU). SEEDW is a project within CEE Bankwatch Network and its members are: For The Earth (Bulgaria); Terra Milleniul III (Romania); Eco-Sense (Macedonia); CEKOR (Serbia) and Green Action (Croatia).
(Added: Tue Oct 02 2007 Modified: Thu Oct 04 2007 Hits: 89)
- Square pegs, Round Holes [pdf 142.53 KB]
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This Action Aid briefing paper states that there is a fundamental contradiction between the between the need to greatly scale-up social spending to fight HIV/AIDS and what can actually be spent under the IMF's current low inflation monetary policy. The briefing paper argues that more money needs to be spent on health care in order for developing countries to achieve the MDGs
http://www.actionaidusa.org/pdf/SquarePegRoundHole108pdf.pdf
(Added: Fri Jan 13 2006 Modified: Mon Jul 02 2007 Hits: 230)
- Strategic Guide: Strategic tips for filing complaints with international financial institutions [PDF]
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Friends of the Earth International, April 2004. This brochure is designed to provide an overview of some strategic considerations at stake in deciding whether to .le a claim to the World Bank Inspection Panel, or to utilize any of the accountability mechanisms at other international .nancial institutions. It also provides guidance for claimants and their allies on navigating the process and strategic engagement after a claim has been filed.
http://www.foei.org/publications/pdfs/strategic_guide.pdf
(Added: Tue May 17 2005 Modified: Thu Jun 15 2006 Hits: 572)
- The Cattle realm : a new phase in the livestock colinzation of Amazonia [pdf]
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Thanks to subsidies from domestic and international institutions such as the World Bank, as well as displacement of cattle by other agricultural activities in the South of Brazil, ranching expanded at an unprecedented rate in the Amazon region. (by Amigos da Terra - Amazonia Brasileira, 2008)
http://bionegocis.files.wordpress.com/2008/03/informe_2008_deforest_amazonbr.pdf
(Added: Wed Jun 11 2008 Hits: 17)
- The CEE Bankwatch Network
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The CEE Bankwatch Network is an international non-governmental organisation (NGO) with member organisations currently from 12 countries of CEE and CIS region. The basic aim of the network is to monitor activities of International Financial Institutions (IFIs) in the region, and to propose constructive alternatives to their policies and projects in the region.
(Added: Mon Aug 02 2004 Modified: Wed Jun 15 2005 Hits: 224)
- The Gilgel Gibe affair: an analysis of the Gilbel Gibe hydroelectric projects in Ethiopia [pdf]
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The study illustrates the dangers that accompany large energy infrastructure projects whenever the interests of a major private company coincide not only with weak governance in the host country but also very clear willingness from financial institutions to provide funding, in spite of alarming project oversights and impacts. The study shows how goals to eradicate poverty and support local communities can be easily compromised when major corporations and/or political elites are intent on maximising profits (Bank Watch, 28 February 2008).
http://bankwatch.org/documents/gibe_study.pdf
(Added: Fri Apr 04 2008 Hits: 29)
- The Global Governance of Trade as if Development Really Mattered [PDF]
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It is widely accepted, not least in the agreement establishing the WTO itself, that the purpose of the world trade regime is to raise living standards all around the world--rather than to maximize trade per se. In practice, however, these two goals--promoting development and maximizing trade--have come to be increasingly viewed as synonymous by the WTO and multilateral lending agencies, to the point where the latter easily substitutes for the former. Which is somewhat surprising because evidence that trade liberalisation inevitably leads to economic growth is thin on the ground. In this paper fro the UNDP, Harvard economist Dani Rodrik attempts to envisage an alternative: the type of global trade regime that would exist if policy makers were to ask "how do we enable countries to grow out of poverty?" rather than "how do we maximize trade and market access?"
http://ksghome.harvard.edu/~drodrik/UNDPtrade.PDF
(Added: Fri Mar 31 2006 Hits: 374)
- The IMF and capital flight: Redesigning the international financial architecture
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This article by David Spencer (a senior adviser in Tax Justice Network) takes aim at the architecture of the international financial system arguing that the system at present facilitates tax evasion and capital flight. Spencer notes that tax evasion using international tax havens deprives the World's governments of tax revenue to the scale of $255 billion annually; approximately the same amount that it is estimated would be required to meet the Millennium Development Goals.
http://www.brettonwoodsproject.org/article.shtml?cmd[126]=i-126-17f93f2679c816832a6e8f99a2b36037
(Added: Wed Feb 01 2006 Modified: Mon Jul 02 2007 Hits: 310)
- The Price of Power: Poverty, climate change, the coming energy crisis and the renewable revolution (pdf)
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The New Economics Foundation, 2004. By Kjell, Oram, & Simms. The lack of access to reliable and clean energy supplies is a major barrier to improving well-being around the globe - there are an estimated 1.6 billion people living in the rural areas of developing countries who lack access to to electricity - but so is dependence on fossil fuels. Climate driven "natural" disasters also threaten far worse. Rather than just failing to improve the human condition, we could be about to witness the great reversal of human progress.
http://www.neweconomics.org/gen/z_sys_publicationdetail.aspx?pid=182
(Added: Tue Jun 29 2004 Modified: Thu Jun 16 2005 Hits: 308)
- The UK's role in the WB and IMF
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This page outlines the structure of the UK government's interaction with the World Bank and the IMF.
http://www.brettonwoodsproject.org/art.shtml?x=537382
(Added: Fri May 30 2008 Hits: 22)
- Trade liberalisation and the role of International Financial Institutions (PDF 149.49 KB)
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Aldo Caliari & Mariama Williams, for the Commonwealth Foundation, UK. This article provides a situation analysis of emerging issues facing developing countries in the multilateral trade and finance system. The expanded involvement of the IFIs in trade-related activities has resulted in constraints on the national development strategies of borrowing countries, and the inter-linkages between trade and financial policies can reinforce and prolong poverty and inequality. It argues that, while policy integration is vital for realising effective solutions to developmental problems, the current methods of trade-finance policy integration are unlikely to resolve these issues.
http://www.coc.org/pdfs/coc/CFM_ComFoundation.pdf
(Added: Wed Nov 10 2004 Modified: Tue Aug 15 2006 Hits: 157)
- World Bank, IMF admit aid failings
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The Age, April 15 2003, By Warren Vieth, Washington. World financial leaders have acknowledged that they are in danger of losing "the other war", conceding that their failure to follow through on past pledges is contributing to global poverty, health crises and other ills. Members of the International Monetary Fund and the World Bank ended their spring meetings in Washington at the weekend with fresh promises to participate in rebuilding Iraq. But their enthusiasm was tempered by a recognition that the postwar rebuilding program could drain resources from efforts to assist other countries in need. South African Finance Minister Trevor Manuel said: "Our mandate is to sharpen the endeavour to drive out poverty wherever it exists." Yet even as finance officials declared their determination to honour past commitments to Third World development, their track record came under fierce attack from critics both within and outside the two institutions.
http://www.theage.com.au/articles/2003/04/14/1050172532693.html
(Added: Thu Apr 17 2003 Modified: Wed Jun 15 2005 Hits: 171)
- WTO launches first global review of 'aid for trade
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The WTO, its members and key international agencies will conduct the first global review of Aid for Trade - aimed at expanding the trade capacity of developing countries - on 20-21 November 2007 in Geneva.
http://www.wto.org/english/tratop_e/devel_e/a4t_e/global_review_e.htm
(Added: Thu Nov 15 2007 Hits: 131)
