Reforming IMF and World Bank Conditionality
New realities and challenges may foster change
The new century started with streamlining initiatives from the IMF and the World Bank to their conditionality, but these have not managed to deliver real change. The arguments have not changed over the last years, and opponents have become firmly entrenched in their positions. The machinery, however, seem to be coming slowly to life after the impasse. New realities and challenges, such as climate change and rising prices, together with more traditional claims are reactivating the debate, Javier Pereira observes.
The latest set of Eurodad publications on the Bretton Woods Institutions’ structural conditionality (see references) show little progress in reducing the number of conditions. Yet politicians seem to have started reacting after reiterated calls from civil society organisations (CSOs) ...
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