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Bretton Woods Update No.83 November/December 2012

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

World Bank and climate change Cloudy forecast for policy reform

News|6 December 2012

Illustration by Robin Heighway-Bury/Thorogood.net

A new Bank report warns about the impacts of climate change, but concerns have been raised about its own track record. While the Bank has increased its renewable energy share, its continued funding of fossil fuels and focus on large scale dams remain controversial. read article...

IMF and the Troika: three's a crowd?

News|6 December 2012

The Troika has announced another Greek debt agreement, but disputes between the Fund and its Troika partners over debt reduction remain unresolved. read article...

IMF controversy: is austerity backfiring?

News|6 December 2012

The IMF's shift in stance regarding easing Greece's debt burden reflects a deepening controversy about whether austerity policies are counter-productive. read article...

The IMF in Egypt: revolution or coming full circle?

by Amr Adly

Comment|26 November 2012

The Egyptian government has finally concluded an initial loan agreement with the International Monetary Fund (IMF) following two years of continual negotiations. read article...

IFIs' new "house of cards" in Central and Eastern Europe

News|6 December 2012

IFIs are renewing their focus on Central and Eastern European states. This comes amidst fears that growth in the region needs to be rekindled. The World Bank has promised more funding for countries at risk of instability. However, IMF loans being negotiated with Romania and Hungary have met with controversy. read article...

Kim's World Bank strategy: real change or "PR exercise"?

News|6 December 2012

The World Bank's new president Jim Yong Kim set out his vision for the institution at the Bank's annual meetings in mid October, but his desire to build a 'solutions' bank and end absolute poverty comes with few details or big changes at the Bank. Next year's replenishment of the International Development Association (IDA) will put Kim's vision to the test. read article...

World Bank corporate scorecard

Inside the inst|6 December 2012

Every six months the World Bank issues a corporate scorecard, which is submitted each Autumn to the Bank's annual meetings. The scorecard is supposed to "provide a snapshot of the Bank's overall performance, including its business modernisation, in the context of development results." It is compiled by Bank staff to "facilitat[e] strategic dialogue between management and the board on progress made and areas that need attention." read article...

"Cosmetic" changes to IMF governance

News|6 December 2012

The IMF is about to embark on a new round of negotiations over governance reform, but acrimony persists and already-agreed changes remain unimplemented. read article...

World Bank on jobs: "a race to the bottom"?

News|6 December 2012

Two October World Bank reports reveal a contradictory message for developing countries' labour markets. read article...

Call for freeze on World Bank 'land grabs'

News|6 December 2012

As Oxfam called on the World Bank to freeze large scale land acquisitions, the Bank's new agriculture strategy remained under wrap. Concerns have also been raised about ongoing initiatives on 'climate-smart agriculture' and the development of Doing Business in Agriculture. read article...

Safe in Bank hands? World Bank safeguards review launched

News|6 December 2012

The World Bank finally launched the two-year review of its environmental and social safeguard policies in October. read article...

IMF new view on capital flows: "landmark" but still only a "baby-step forward"

News|6 December 2012

The IMF's new "institutional view" on capital flows, despite being more flexible than its previous stances, has nonetheless angered developing countries who blame rich country policy for volatility in financial movements. read article...

The World Bank and industrial policy: Hands off or hands on?

by Carlos Fortin

At Issue|6 December 2012

Former deputy secretary general of UNCTAD Carlos Fortin, of the Institute of Development Studies, examines the Bank's record on industrial policy over the last 20 years and shows that the Bank's position is more nuanced. read article...

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