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Bretton Woods Update No.64 January/February 2009

PDF version | At Issue PDF | text version | versión en español

Overhaul of international institutions Is the G20 willing to deliver?

News|13 February 2009

Illustration by Robin Heighway-Bury/

The IFIs are gaining prominence but also attracting renewed criticism. In a series of articles we cover the political response to the financial crisis, the IMF's lending, the World Bank's boost in lending and proposals for reform of the international architecture. read article...

Will IMF loans hurt the poor this time around?

News|13 February 2009

While the IMF undertakes high-speed reviews into its lending instruments and conditionality, it continues to make crisis loans with heavy conditionality that may adversely impact the poor in developing countries. read article...

After cannibalised globalisation

by Eduardo Gudynas

Comment|16 February 2009

Eduardo Gudynas argues that the financial crisis reveals a profound crisis of the multilateral governing system. read article...

World Bank's planned lending splurge: Do the numbers stack up?

News|16 February 2009

The first signs of a promised dramatic increase in World Bank lending are emerging, but critics continue to attack the Bank’s lending practices, including its controversial use of conditionality. read article...

Who pays for the Fund and the Bank?

Inside the inst|16 February 2009

The IMF and the World Bank derive their income mainly from their lending operations, charging borrowing countries, and from their investments in financial markets. read article...

Financial crisis leads to a resurgence of the IFIs in Latin America

News|13 February 2009

After years of playing an ever diminishing role in Latin America, the IMF and the World Bank are in pursuit of a resurgence in the region. read article...

Poznan and beyond Concern over Bank's climate funding

News|13 February 2009

Recent UN global climate negotiations in Poland highlighted ongoing tension over whether funds will be channelled through the United Nations or the World Bank and once again shone a light on the role of the Bank as a major investor in carbon intensive projects. read article...

The IFC's massive lending increase Corporate welfare or development finance?

News|16 February 2009

The financial crisis has shrunk credit availability to the private sector, including in developing countries. The International Finance Corporation (IFC) plans to step into the gap, but there are questions about the likely development impact and implementation of environmental and social safeguards. read article...

Bank falls foul of Inspection Panel

News|13 February 2009

Inspection Panel reports relating to Albania and Uganda expose World Bank non-compliance in a number of areas. These findings are compounded by allegations of corruption and the obstruction of the Inspection Panel investigation. read article...

Recommended resources 2008

Resource|16 February 2009

Recommendations from Bretton Woods Project staff on the best papers, books and electronic resources of 2008. read article...

Bankspeak of the year 2008

Humour|16 February 2009

Annual Bretton Woods Project award for the most incomprehensible or absurd use of language in a Bank or Fund document or speech. read article...

Bretton Woods 2: What should be on the agenda?

by Peter Chowla and Jesse Griffiths

At Issue|13 February 2009

What roles should twenty first century international financial institutions (IFIs) play, and how should they be structured? This paper sets out some of the key issues that would need to be resolved at a second UN monetary and financial conference - a 'Bretton Woods 2' - and discusses the road ahead. 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

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

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