Finance & Development

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The Country Policy and Institutional Assessment (CPIA) and Allocation of IDA Resources

Published: 15 August 2010
This paper recommends that the World Bank distribute its assistance to Africa in more equitable ways. On August 16, 2010, it was presented to the African Caucus of Finance Ministers, Central Bank Governors, and World Bank and IMF Executive Directors in Freetown, Sierra Leone. The Caucus established a Task Force to advocate that the World Bank implement the recommendations.

The Federal Budget and Appropriations for Fiscal Year 2011

Published: 31 May 2010
The Middle East Partnership Initiative (MEPI) has become a centerpiece of the administration's efforts to engage civil society and support democracy in the region. Following a 30% increase in funding in FY10, the new budget requests an additional 32% increase up to $86 million.

Plain Language Guide: GATS Negotiations on Domestic Regulation

Published: 20 May 2010
The World Trade Organization is negotiating “disciplines” on domestic regulation, which is essential for both development and environmental protection. Often ambiguous, some of the draft disciplines can be interpreted as a radical departure from the practice of most nations. They could change the course of regulation and development, particularly within federal systems and in small and vulnerable economies, where government systems are changing.

“Pre-established” Regulations and Development Permits

Published: 20 May 2010
The World Trade Organization is negotiating “disciplines” on domestic regulation, one of which requires regulations to be “pre-established.” Established before what? If this means, before a development permit is sought, the discipline would limit the government’s authority to change environmental or community impact standards before a permit is issued. If so, this discipline could constrain changes in climate policy or environmental regulation of existing extraction industries.

“Pre-established” Regulations and Financial Services

Published: 20 May 2010
The World Trade Organization is negotiating “disciplines” on domestic regulation, one of which requires regulations to be “pre-established.” Established before what? If this means, before government can apply regulations to an existing financial institution, the discipline would limit the government’s authority to change “too big to fail” policies or increase developmental lending mandates to serve businesses that are rural, small, or owned by women.

Could a Foreign Investor Use GATS Disciplines in a BIT Claim?

Published: 20 May 2010
The World Trade Organization is negotiating “disciplines” on domestic regulation that could be more powerful than negotiators realize. They could transform the GATS, the General Agreement on Trade in Services, into the first trade agreement that foreign investors enforce through claims against governments for hundreds of millions of dollars. If so, the magnitude of disputes could change the course of development for a small state or a vulnerable economy.

The World Bank Reboots - Economic Governance

Published: 9 May 2010
The World Bank’s Investment Lending Reforms (ILR) will significantly shift the way in which the institution operates. This re-issued paper contains updated information on the reforms and the implications of these reforms for people and the environment in recipient countries.

Are the World Bank’s Anti-Corruption Efforts Corrupted?

Published: 21 April 2010
In 2009, the World Bank’s Independent Evaluation Group (IEG) released an unprecedented 700-page evaluation which found evidence that the institution is failing to adequately address the risks of fraud and corruption in its assistance programs.

Standing in the Way of Development?

Published: 1 April 2010
Between January 2007 and June 2009, the IMF claims that it was more flexible in terms of providing greater policy space to low-income countries to boost spending in the face of fuel, food and financing crises. To examine this claim, scholars at the School of Oriental and African Studies (SOAS) examined the empirical evidence in 13 countries. Learn about their findings in this report.