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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Related itemsRecent briefings & reports
Memorandum to the International Development Committee: Inquiry on the Future of UK Development Cooperation 26 June 2013
The Doing Business review: a test of World Bank leadership 24 June 2013
Climate Investment Funds Monitor 7: April 2013 25 April 2013
Working paper: The private sector and climate change adaptation: International Finance Corporation investments under the Pilot Program for Climate Resilience 24 April 2013
The UK's role in the World Bank and IMF: Department for International Development and HM Treasury 13 March 2013
World Bank on jobs: a "significant departure" or "business as usual"? 13 February 2013 ResourcesUnlocking the chains of debt 21 May People's Front Against International Financial Institutions 22 April People oppose Vishnugad-Pipalkoti HEP in Ganga valley 14 March PM appoints son-in-law to key World Bank post 15 December Negotiating power 15 November No to IMF loan, yes to tax justice 27 September World Bank statement of September 25, 2012 on Padma Bridge 25 September Vizhinjam complaint page 21 August CAO Tata Mundra appraisal report 27 July |
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