South AsiaAfghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka. read more background... Items 1 to 10 of 74Why the IMF must cancel Pakistan's debtThis year, Nawaz Sharif will take over as Pakistan's new prime minister with expectations of a 'new' vision for the country. Alongside development and economic issues, Sharif's new government will also be tasked with tackling the debt repayments that the country is scheduled to make in the next two years and beyond in a $6.64 billion IMF loan agreement that was approved in September. read article... Indian protests against IFIsIndian civil society coalition the People's Front against International Financial Institutions held a People's Forum and demonstrations against the annual meetings of the Asian Development Bank (ADB) in Delhi in early May. read article... Pakistan needs to borrow "to repay IMF"In late June, finance minister Ishaq Dar informed Pakistan's national assembly that the government "will have to go to the IMF" in order to repay current outstanding loan instalments to the Fund. read article... Indian NGO faults IFC energy projectA November field study by Indian NGO the Research Collective has found that an International Finance Corporation (IFC, the Bank's private sector arm) supported coal-power plant run by GMR Kamalanga Energy Limited (GKEL), financed through a financial intermediary, has caused water pollution in the Odisha region. read article... IMF "onslaught" on Pakistan's economyPakistan must radically change its economic strategy, and raise Rupees 360 billion ($3.67 billion), 1.5 per cent of its GDP, before the Fund will agree to a new programme. read article... Pakistani PM's son-in-law new World Bank EDThe Pakistani prime minister Raja Pervaiz Ashraf controversially appointed his son-in-law Raja Azeemul Haq as World Bank executive director (ED) in December replacing current ED Javed Talat whose term had expired. read article... Pakistan loan talks despite debt cancellation callsTalks between the IMF and Pakistan under post-programme monitoring resumed in September. Despite confidence amongst Pakistan officials in their country's capacity to repay its loans, the IMF fears the need for a second loan early next year read article... World Bank back in on Padma bridge project?The World Bank has decided to reengage with Bangladesh's Padma bridge project after it suspended its promised $1.2 billion loan last year over allegations of corruption in the consultant selection process read article... World Bank rejected by Indian NGOsAn early June statement from 26 social movements and NGOs in India have called the World Bank's plans for civil society consultation on the Bank's country assistance strategy (CAS) for India a "farce". read article... IFIs must "engage with the Burmese people"Civil society groups from Burma have written to the heads of the IMF and World Bank requesting that the IFIs involve grass roots actors in their newly revived activities in Burma and that their operational policies "guarantee maximum transparency, accountability, social inclusiveness and safeguards". read article... |
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The UK's role in the World Bank and IMF: Department for International Development and HM Treasury 13 March 2013
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