Thirty years ago the World Bank recognised that its position was untenable. It put in place mechanisms to make the bank more accountable to ordinary people.
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Articles on International Monetary Fund
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Former prime minister emerges from assassination attempt wounded, but vowing to continue protest against government.
El Salvador’s President Nayib Bukele thought making Bitcoin legal tender would revolutionise his country’s economy, He was wrong.
The IMF sends its staff on two types of mission to member countries: to assess the state of the country’s macro economy or to assess the need for financial support.
Sri Lankans are contending with growing levels of starvation, death and disruption. Now they are also facing the brutal violence of the state.
Rich nations need to provide far greater climate adaptation financing to low income countries and plug the holes that siphon their limited fiscal resources to tax havens.
Allegations that World Bank officials manipulated country rankings in its much-used ease of doing business index highlight a deeper problem with these types of rankings.
The IMF’s injection of US$650 billion worth of Special Drawing Rights into the global economy opens a window for African countries to reform their relationship with the fund.
Nixon’s decision left the IMF without a clearly defined role. Under the leadership of the industrialised countries, it began to fashion a new more intrusive and ideological role.
IMF programmes run the risk of having too many conditions. This may drive countries into financial disaster. And back to the IMF again.
Expert background on Haiti, where President Jovenel Moïse’s July 7 killing is the latest in the Caribbean nation’s long list of struggles.
The inefficient vaccine allocation rules currently in place must be replaced by new cooperative institutional structures and more concrete steps by the Group of Twenty (G20) countries.
The development strategy based on foreign investment in natural resources projects has not delivered economic growth or security. What’s needed is an inclusive vision based on local realities.
Despite evidence that cash payments can help improve well-being, they have limitations as well, according to a development economist.
Medium-term expenditure frameworks can be useful only when they are based on comprehensive medium-term development plans.
The IMF wants government intervention on climate change. It’s now abundantly clear Australia’s climate policies are at odds with even the most conservative approach to economic management.
The IMF loan does not impose any conditions over and above what is in South African law on how the funds can be used; it only seems to expect the country to implement policies already announced.
The immediate cause of the economic crisis that brought many thousands of Sudanese onto the streets and continued beyond al-Bashir’s downfall lay in the structure of the economy itself.
A deep recession, a severe drought and a plunging currency have led to the biggest bailout in IMF history. The government hopes it can avoid the meltdowns that followed past crises.
Venezuela recently devalued its bolivar by 95 percent to tame rabid hyperinflation that has been sending prices on everyday goods through the roof. If history is a guide, it won’t work.
Top contributors
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SARCHI Professor of International Development Law and African Economic Relations, University of Pretoria
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Reader in International Relations, Royal Holloway University of London
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Professor of Economics, University of the Western Cape
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Professor of Democracy, University of Birmingham
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Research Fellow, World Institute for Development Economics Research (UNU-WIDER), United Nations University
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Assistant Professor of Anthropology, Florida State University
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John Hawkins is a Friend of The Conversation.
Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra
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Distinguished Research Professor and Australian Laureate, James Cook University
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Professor, Griffith Business School, Griffith University
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Associate Professor, The University of Western Australia
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Professor of Politics & Co-Director, Aston Centre for Europe, Aston University
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Research fellow in politics and sociology, University of Oxford
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Faculty of Law, The University of Western Australia
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Head: Wits School of Governance, University of the Witwatersrand
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Professor of International Political Economy, University of California, Santa Barbara
