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Policy support instrument: Helping hand or more thumb screws? (Bretton Woods Project)
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".
in list: IMF policy approaches
more fromwww.brettonwoodsproject.org
allAfrica.com: Nigeria: FG Dumps IMF's Policy Support Instrument (Page 1 of 1)
more fromallafrica.com
Africa's Unnatural Disaster
The strategies of the World Bank and IMF have successfully applied shock doctrine methods to plunder the globe, causing widespread hardship and suffering, for the benefit of the few and creating millions of victims. They are the embodiment of psychopathy on a global scale, and from that perspective, they are not 'failed', but actually a devastating and horrific success.
more fromwww.fpif.org
BIC's new handbook for advocacy on extractive industry revenues | Bank Information Center: Monitoring the projects and policies of the World Bank, IMF and other international financial institutions
The Handbook is intended as a tool for civil society organizations, journalists and other members of the public interested in learning more about transparency and fiscal management in the natural resource sectors. It distills and builds upon information contained in the IMF’s document, with a focus on areas especially pertinent for civil society groups seeking to better understand how extractive industry (EI) sectors are managed. The Handbook aims to help civil society groups hold governments and private companies accountable for the exploitation of natural resources in their country.[2]
In producing this Handbook, BIC is not endorsing the extractive industries or asserting that improved transparency, alone, would address the myriad social, environmental and economic impacts associated with natural resource exploitation. Rather, this document aims to provide citizens in resource-rich countries with one more tool to strengthen their efforts to hold industry actors and governments accountable.
more fromwww.bicusa.org
Halifax Initiative
Our mission is to fundamentally transform the international financial system, and its institutions, namely the World Bank, the International Monetary Fund, and Export Credit Agencies. By doing so, we hope to achieve poverty eradication, environmental sustainability and the full realization of human rights.
more fromwww.halifaxinitiative.org
Weapons of mass financial destruction, by Gabriel Kolko
Last month a major US hedge fund, Amaranth Advisors, lost more than half its assets in a week, speculating on natural gas prices. The company proved correct the chief worry of such major financial institutions as the World Bank and the International Monetary Fund: that financial reality is now out of control.
more frommondediplo.com
Paper: Comment on IMF and World Bank Structural Adjustment Programs and Poverty by William Easterly
more fromwww.iie.com
The Post Online (Cameroon): IMF Says Food Crisis Good Opportunity For Cameroon
more fromwww.postnewsline.com
As Global Wealth Spreads, the IMF Recedes
Ghana had joined a long list of developing countries in Africa and beyond enjoying record periods of growth, with the robust economy leaving it no longer in need of more IMF cash.
more fromwww.washingtonpost.com
Food riots hit West and Central Africa | Bank Information Center: Monitoring the projects and policies of the World Bank, IMF and other international financial institutions
Strauss-Kahn has been criticized for publicly supporting President Bush’s stimulus measures to address potential recession in the U.S. – the opposite of the painful austerity measures the IMF applied during the East Asian financial crisis of 1997-98. But while he has been quick to register the IMF’s concern about a potential food price crisis in Africa, it appears that in this case the IMF will not diverge so radically from past practice: new loans, seldom the best remedy for countries facing humanitarian crises, are the best he has to offer.
more fromwww.bicusa.org
Commodities Boom to Sustain Growth in Africa, IMF Forecasts (9-4-08) Bloomberg.com: Africa
more fromwww.bloomberg.com
Training for nothing? (Bretton Woods Project)
An evaluation of the World Bank’s training for capacity building reveals serious flaws...that undermine country ownership; the same criticism is being levelled at the IMF over...plans to charge for technical assistance [Independent Evaluation Group (IEG
more frombrettonwoodsproject.org
Bank, Fund fail the test over missing oil billions - media library - global witness
more fromwww.globalwitness.org
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