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Bretton Woods Update No.48 November/December 2005

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IMF strategic review: Reform or be left behind

News|21 November 2005

Illustration by Robin Heighway-Bury/

The IMF's strategic review portends changes in its mandate and structure, but critics charge that it does not go far enough. read article...

Policy support instrument: Helping hand or more thumb screws?

News|21 November 2005

In October, the IMF board approved the establishment of a Policy Support Instrument (PSI), a non-lending programme which will provide policy advice to poor countries and send a signal to donors and markets about the quality of a country's economic policies. Critics suspect the instrument is little more than a new way "to extend Fund domination". read article...

Parliamentary initiatives around the IFIs gather steam

News|21 November 2005

Parliamentarians were in Washington in September for the WB-IMF annual meetings to press the demands of the International Parliamentarians’ Petition while the Parliamentary Network on the World Bank has finally started to assert its independence from the World Bank. read article...

UK parliament hearings on World Bank, IMF

News|21 November 2005

The UK all-party committee on international development held its evidence session on the annual meetings of the World Bank and IMF in October, with evidence heard from the Bretton Woods Project and the Rainforest Foundation, secretary of state for international development Hilary Benn, and representatives of the Treasury. read article...

IMF modifies disclosure policy to address deletions, delay

News|21 November 2005

The IMF has taken steps that may reduce the number of deletions made in the publicly disclosed versions of its key reports about member countries, including Article IV reports. read article...

The Bank and Fund: do civil society groups in the Arab region realise what’s going on?

by Arab NGO Network for Development

Comment|21 November 2005

Comment by the Arab NGO Network for Development on the need for civil society in the region to take a more active role in monitoring the work of the IFIs. read article...

OED slates Bank development effectiveness

News|21 November 2005

In October, the Operations Evaluation Department published a report summarising lessons from recent evaluations; Bank management, in unusually strong language, has expressed concerns about both the methodology OED used to reach its conclusions, and the conclusions themselves. read article...

WDR on equity: Practice what you preach

News|21 November 2005

Civil society organisations welcomed many of the findings of the latest instalment of the World Bank's World Development Report on equity and development; question marks remain over its historical amnesia and the likelihood that the Bank will practice what it preaches. read article...

HIV/AIDS and the World Bank

Inside the inst|21 November 2005

Summary of the Bank's response to HIV/AIDS read article...

Development effectiveness of HIV/AIDS uneven

News|21 November 2005

Summary of OED report on the Bank's response to HIV/AIDS and civil society criticisms. read article...

World Bank’s community development efforts ineffective, poorly monitored and unsustainable

News|21 November 2005

Summary of the Operations Evaluation Department report on the effectiveness of World Bank support for community-based development, and community-driven development. read article...

World Bank and climate change: power failure

News|21 November 2005

Summary of a report by Friends of the Earth US, the November meeting in London on climate change and the UK parliamentary early day motion to end UK support for harmful oil subsidies. read article...

Lao dam: obligations undermined?

News|21 November 2005

A report by Can and Leader analyses the concession agreement for the Bank-supported Nam Theun 2 dam in Lao PDR (Update 45), between the country's government and the Nam Theun 2 Power Company Ltd (NTPC). read article...

World Bank anti-corruption: discourse versus practice

News|21 November 2005

A new report from corruption watchdog Transparency International indicates that despite improved efforts by the World Bank on corruption ahead of other regional development banks, there is still a striking inconsistency between the discourse and practice of the Bank. A new US anti-corruption bill and an oil revenue agreement with Chad are the latest tests. read article...

UN says World Bank and IMF “bound by international law”

News|21 November 2005

Bold statements made by the UN special rapporteur on the right to food argue that international law is binding on organisations such as the World Bank, IMF and WTO. read article...

IFI ‘aid for trade’ carrot ahead of Hong Kong trade summit

News|21 November 2005

Details of the BWIs aid for trade package were unveiled at the annual meetings, as officials turned up the pressure to reach a deal at the upcoming trade summit in Hong Kong. read article...

Your support for the Project is crucial

News|1 December 2005

Please consider supporting the work of the Bretton Woods Project. read article...

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New website launched

You are now browsing an archive version of the Bretton Woods Project's website. This site has not been updated since September 2013, but may be used for reference material as the nbew site is being developed. However we suggest you look at the new website:

Recent 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

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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

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