Bretton Woods Project - Critical voices on the World Bank and IMF

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IEG—Independent Evaluation Group

The IEG was established in 1973, and was previously known as the Operations Evaluation Department. It reports to the executive board of the World Bank. Its headquarters are located in Washington D.C. and the current director general is Dr. Vinod Thomas. It is an independent unit within the World Bank designed to assess: the effectiveness of development projects; how projects will be run by a borrower; and the long-term impact of projects on a country's development. It covers both public and private lending. These functions aim to provide objective assessment of the Bank's work and to learn from the experience of projects. Its stated aim is to provide accountability and to disseminate lessons learnt and provide recommendations from evaluations. read more...

Briefings

At the crossroads: Which way the World Bank's transport strategy?

At Issue|Brendan Martin|2 July 2007|update 56|url

Following an IEG evaluation of the World Bank's work in transport, and delays in the release of a new Bank transport strategy, Public World director Brendan Martin asks what the Bank has learned. With spending on transport likely to increase, what direction will the Bank's transport projects take from here and who is in the driver's seat? read article...

How much trust should we put in the funds?

At Issue|Jeff Powell|16 September 2005|update 47|url

In 2004, the World Bank was responsible for the disbursement of over $3 billion through the 903 trust funds that it manages. The amount of funds being channelled through trust funds looks set to take off as increased international aid commitments chase limited spending channels. Recipients of these funds may see them as manna from heaven - but if trust fund support is not additional to other aid commitments, is this an optimum use of resources or just a cacophony of voices all trying to pull the Bank in different directions? read article...

The World Bank and gender

Inside the inst|1 April 2003|update 33|url

A brief summary of how gender is - or is not - incorporated into World Bank programmes and policies, with links to further resources from both inside the Bank and its critics. read article...

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World Bank-IMF spring meetings 2008

News|Bretton Woods Project|15 April 2008|url

At this year's spring meetings, the World Bank faced increasing opposition to its plans to tackle climate change, while the IMF was forced to admit that the lack of democracy in its governance is probably why it missed the boat on the credit crisis. read article...

Dialogue with NGOs and Lars Thunell, Executive Vice President and CEO, IFC

Minutes|Bretton Woods Project|13 April 2008|url

Dialogue with NGOs and Lars Thunell, Executive Vice President and CEO, IFC read article...

Rural electrification: "financial viability" over welfare

News|Bretton Woods Project|1 April 2008|update 60|url

A recent evaluation by the World Bank's Internal Evaluation Group on the welfare impact of rural electrification finds that only seven per cent of dedicated World Bank rural electrification projects have an explicit poverty reduction objective. read article...

IFC challenges highlighted in the Middle East Doing Business indicators come under fire

News|Amy Ekdawi|1 April 2008|update 60|url

The International Finance Corporation, the private sector arm of the World Bank, is rapidly increasing its investment in the Middle East, raising questions about the development value of its activities. A Norwegian study of the IFC's Doing Business indicators questions the usefulness of the index to making real-life improvements to a country's business environment. read article...

Training for nothing? IFIs asked to surrender reins over capacity building

News|Bretton Woods Project|1 April 2008|update 60|url

An evaluation of the World Bank’s training for capacity building reveals serious flaws in design and implementation that undermine country ownership; the same criticism is being levelled at the IMF over its plans to charge for technical assistance. read article...

UK report on its activities at the World Bank Weak, unaccountable, and late

News|Bretton Woods Project|14 December 2007|url

In late November, the UK released its third report on its relationship with the World Bank, disappointing in the coverage and depth of its analysis. read article...

IFIs in post-conflict countries: role, activities and impacts World Bank-IMF annual meetings 2007

Minutes|Bretton Woods Project|23 October 2007|url

Highlights of a 22 October discussion on IFIs in post-conflict countries at the World Bank-IMF annual meetings 2007. read article...

World Bank-IMF annual meetings 2007

News|Bretton Woods Project|22 October 2007|url

At this year's annual meetings, both the World Bank and the IMF faced serious challenges to their continued relevance and legitimacy. Observers were keen to see the tone that new heads Robert Zoellick and Dominique Strauss-Kahn would set for the institutions. read article...

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