The World Bank and IMF are the main creditors in the international arena. Not only do they control loans and debt relief, but they also design economic policy for indebted countries to implement in order to receive debt relief. The World Bank and IMF are highly undemocratic as they are governed by the nations who donate the most funds. This means the US, UK and Japan have considerable say over the economic development of indebted countries. Poor countries are badly represented at these institutions and therefore lack a real say on their own development.

Reports on World Bank and IMF

Struggling to be heard.
A report by Christian Aid on democratising the World Bank and the IMF.

CAFOD: To lend or to grant?: a critical view of the IMF and World Bank’s proposed approach to debt sustainability analyses for low-income countries- NOVEMBER 04
A new report by CAFOD critiques the new framework for debt sustainability developed by the IMF.

IMF in low-income countries

FOOL’S GOLD - THE CASE FOR 100% MULTILATERAL DEBT CANCELLATION FOR THE POOREST COUNTRIES

Eurodad 2003 PRGF Research Programme: Is the IMF Pro-Poor?

back to top >>