IMF & World Bank

Wash-up from the G20 meeting…Finally!

Tuesday, June 16th, 2009

Wow – it’s been almost 2 months since there was any movement on this blog – sorry for the long hiatus, but hopefully you’ll forgive me once you see some of the great new posts that are in the pipeline… So, to pick up where I left off, I did promise a follow-up on the [...]

China Calls for New Global Currency

Thursday, March 26th, 2009

It’s a big day when one of the world’s major powers calls for a fundemental reform of the global economy.  Britain’s Gordon Brown as been issuing vague calls for global financial reform, but no real concrete proposals. Now China has taken the lead, calling for a new global currency which seems to closely resemble the [...]

Ideas for the G20′s agenda on the Global Economic Crisis

Sunday, February 1st, 2009

In April, the leaders of the G20 group of countries will meet again in London to discuss responses to the global economic/financial crisis which is still unravelling.  Dani Rodrik’s Blog links to an interesting new initiative: the Global Crisis Debate – a partnership between the VoxEU website and the UK government aimed at generating ideas [...]

Asian Monetary Fund?

Thursday, December 18th, 2008

Apparently the 10 countries of ASEAN are ready to set up an Asian Monetary Fund – an idea which has been floating around since the 1997-8 Asian Financial Crisis.  AFP is reporting that an “AMF” worth $120 billion will be set up at a regional meeting in February.  The idea for an AMF emerged after [...]

Out of (South) Africa

Friday, December 12th, 2008

Johanesburg’s The Times has a great article this week looking at the way that the IMF & World Bank have influenced the policies of post-aparteid South Africa.  The article is an excerpt from ANC MP Ben Turok’s new book From the Freedom Charter to Polokwane: The Evolution of ANC Economic Policy. And for an amazing [...]

What’s Wrong with the WB & IMF? – Clinton says “We Blew It”

Tuesday, October 28th, 2008

Former US President Bill Clnton has delivered a stunning, stinging rebuke to the two institutions he effectively controlled for 8 years of his presidency, when, in a keynote address for World Food Day on October 23, he said: We need the World Bank, we need the International Monetary Fund, we need all the big foundations, [...]