Responses to the consultation
Soren Ambrose, Development Finance Coordinator, ActionAid International (World Bank) :
I am only really able to respond to question number 2, and that is to say that I do not think that there is widespread understanding of the various programs available from the World Bank. I think the creation of the VFF in particular was a confusing exercise,.. (more)
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Wednesday, August 19, 2009 5:55 AM
Soren Ambrose, Development Finance Coordinator, ActionAid International (IMF) :
1. ActionAid considers it unfortunate that the G20 chose to focus on the IMF as its main vehicle in responding to the crises’ impact on developing countries. The IMF’s inappropriate policy conditions during previous crises and in subsequent years.. (more)
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Wednesday, August 19, 2009 5:49 AM
Amy Gray, IFI Education Policy Officer, Global Campaign for Education (World Bank) :
As an education advocate, I am dismayed by the WB having ceded the task of financing education largely to the Fast Track Initiative. WB dollar amounts for education via the IDA have decreased; the grant monies disbursed by the FTI are displacing IDA... (more)
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Wednesday, August 19, 2009 5:46 AM
Amy Gray, IFI Education Policy Officer, Global Campaign for Education :
At Oct 2008 Annual Meetings, IMF had barely rolled out its ESF which was criticized by CSOs as retaining the same conditionality and macroeconomic targets as always, i.e. insufficient flexibility for a “crisis” facility. Also the update on Sub-Saharan.. (more)
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Wednesday, August 19, 2009 5:06 AM
Wendy Humphrey-Taylor, IDPM Post-graduate Student :
IMF poverty reduction strategies assume the disposition that debtor governments are accountable and transparent to their electorate, however many LICs exhibit illiberal development tendencies, and hence the facilitation of poverty reduction is inhibited... (more)
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Friday, August 14, 2009 9:22 AM
Owen Tudor - Head of EU and International Relations, Trades Union Congress (World Bank) :
1.
It is premature to examine the impact of the measures taken by the World Bank, as the arrangements for some of the measures have not yet been put in place. The WB strategy hinges primarily on the success of its new facility - Vulnerability .. (more)
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Thursday, August 13, 2009 2:36 PM
Owen Tudor - Head of EU and International Relations, Trades Union Congress (IMF) :
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While appreciating the belated efforts by the IMF to deal with the consequences of the financial crisis, the TUC wishes to emphasize that the IMF did not have adequate resources to cope with a crisis of this magnitude. As at 31 March 2009,.. (more)
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Thursday, August 13, 2009 2:34 PM
Olu Ajakaiye - Director of Research - African Economic Research Consortium :
The global financial and economic crisis is already wreaking havoc in developed and developing world, alike. However, while the developed world has the wherewithal to respond in various ways to the crisis, the developing world is incapable of.. (more)
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Thursday, August 13, 2009 10:10 AM
Louise Holly - Acting Director, RESULTS UK :
Recent figures released by the IMF state that fiscal deficits have increased this year, by an average of 2%, in 80% of African countries in which the IMF has programmes. These figures are generally being presented as evidence that the Fund is allowing.. (more)
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Thursday, August 13, 2009 10:06 AM
Peter Bakvis - Director, International Trade Union Confederation (World Bank) :
a) The World Bank appeared to respond rapidly in providing emergency assistance to several LICs in 2008 as the food and fuel price crisis attained its peak in mid-year. The Bank created its Global Food Crisis Response Programme (GFRP) in May.. (more)
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Wednesday, August 12, 2009 6:45 AM
Peter Bakvis - Director, International Trade Union Confederation (IMF) :
a) The IMF responded quickly to the current global economic and financial crisis by providing emergency loans to approximately twenty countries to date, starting in October 2008. However most of these loans, some of which exceed US$10 billion,.. (more)
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Wednesday, August 12, 2009 6:41 AM
Ministry of Finance, Mauritius :
Flexible Credit Line (FCL) needs to be able to also cover Africa by a stronger focus on strong policies and careful look at vulnerabilities rather than just headline numbers;
If FCL cannot be modified, perhaps an FCL 2 pitched between FCL and.. (more)
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Tuesday, August 11, 2009 4:28 PM
Jo Marie Griesgraber, New Rules for Global Finance Coalitions (IMF) :
The IMF has been highly ineffective in dealing with any of these crises. They did not anticipate any of them. The fundamental question is about the conditions: the rest of the world is encouraged to engage in deficit financing to stimulate.. (more)
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Monday, August 10, 2009 10:18 AM
Jo Marie Griesgraber, New Rules for Global Finance Coalitions (World Bank) :
I do not follow the World Bank as closely as the Fund, but I do know its governance problems are equally bad, that scholars never can access its archives, that corruption is endemic. Despite these, maybe it can do some good. Civil society--in.. (more)
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Monday, August 10, 2009 10:18 AM
Francis Mwega, Professor, University of Nairobi, Kenya :
My view is that there is a large critical literature on the IMF and the World Bank (e.g. Killick, Stigliz, Mkandawire and Soludo), and one requires to review that literature in order to offer a nuanced view on how their role in LICs can be enhanced. In.. (more)
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Monday, August 10, 2009 9:16 AM
Humphrey P.B.Moshi - Associate Research Professor, University of Dar es Salaam :
In the wake of the crisis it is becoming vividly clear that developing countries, especially the sub-Saharan African countries, have to revisit the neoliberal development paradigm championed by the International Financial Institutions (IFIs). The relative.. (more)
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Wednesday, August 05, 2009 9:52 AM
Nikunj Soni, Executive Director, the Pacific Institute of Public Policy (PiPP) :
The ripples of the global economic downturn have been slower to reach the shores of the Pacific island countries and the resulting economic uncertainties less than in other developing countries. This is partly because of the relative lack of integration.. (more)
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Wednesday, July 29, 2009 5:25 PM
Dr. BT Costantinos, Chair, African Centre for Humanitarian Action (Ethiopia) :
The IMF, World Bank, multilateral, bilateral and non-governmental external agencies have, in recent years, introduced a large number of initiatives aimed directly or indirectly at helping Africa "develop" its way out of economic chaos and political.. (more)
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Tuesday, July 28, 2009 5:18 PM
Professor Mustafizur Rahman, Centre for Policy Dialogue (Bangladesh) :
The G-20 decision has put in a lot of responsibility on the IMF. Since, the IMF’s major focus has been with regard to addressing balance of payments difficulties in times of crisis, LICs such as Bangladesh which have not faced any BOP crisis (indeed we.. (more)
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Tuesday, July 28, 2009 1:16 PM
Introduction to the consultation: The adaptability and responsiveness of the International Monetary Fund :
This blog examines the adaptability and responsiveness of the IMF to crises and asks for your feedback on how the IMF can promote stronger and sustainable economic growth for low-income countries, and protect them better against future financial and economic shocks. .. (more)
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Tuesday, July 28, 2009 12:38 PM
Introduction to the consultation: The adaptability and responsiveness of the World Bank :
As demand for World Bank programmes increases (e.g. the International Finance Corporation (IFC), International Development Association, and International Bank for Reconstruction and Development (IBRD)), this blog examines the adaptability and responsiveness of the World Bank and asks for your feedback on how the Bank can promote stronger and sustainable economic growth for low-income countries; and protect LICs better against future shocks and crises. .. (more)
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Tuesday, July 28, 2009 12:34 PM
