September 3, 2020

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The paper goes on to consider how well the IMF has adapted itself to dealing with LDCs. ), Extra allocations can be made to help finance the costs of arrears to IBRD & IDA, Monetary policy: price stability, "external and internal balance," not crowding out private investment, Fiscal policy: fiscal balance, provision of public goods, ability to withstand shocks, Trade: low tariffs, low-corruption customs, Financial markets: "high ratio of private sector credit to GDP," availability of credit and widespread access to financial services, robustness of banking sector to shocks (hmmm), Regulation of business sector: low barriers to entry (fees for starting enterprise, etc. The presence of the World Bank and IMF in developing countries dates back as early as 1960s. It asks whether the Fund is ill-designed to provide effective help to developing countries (LDCs) and whether it is even a net lender to those countries. There is also a focus on corruption-free and transparent government similar to the World Bank's. The IMF is less about assistance/redistribution and more about stability - avoiding global shocks and acting as a lender of last resort when they do occur. This Briefing Paper examines the changing role and effectiveness of the International Monetary Fund (IMF). The work of the IMF is of three main types. Its activities are listed here; in addition to providing research and technical assistance, it is a "lender of last resort," and also "encourag[es] countries to adopt sound economic policies." That is why most developing countries owe the World Bank and the IMF a lot in loans. It takes as a starting point the country's own long-term vision for development and takes into account the Bank Group's comparative advantages in the context of other donor activities.". The IEG's Annual Report has summary statistics of % projects with satisfactory outcomes, by project sector and by area, and some very brief descriptions of how it evaluates that don't illuminate much. The IMF is funded by subscriptions from its member countries, who are also its potential borrowers; more on membership here. Despite the lack of clarity about what exactly constitutes a "satisfactory outcome," this data is still interesting. The IMF can use the quotas from the economically-sturdy countries to lend as aid to developing nations. Human development: data on how many people have/use bednets, are treated with antimalarials, give birth with skilled attendants. One of these is the International Monetary Fund. How much does the IDA spend each year? Available on page 56 of the most recent Annual Report, though it breaks down only loans (not sure where we can get similar data for grants). Themes and projects are mostly oriented toward infrastructure and economic environment, rather than direct humanitarian interventions. Example report on an AIDS program in Ghana. The IMF provides policy advice and financing to members in economic difficulties and also works with developing nations to help them achieve macroeconomic stability and reduce poverty. There is a seemingly much larger set of indicators available through online databases. ", Process description here. What other relevant information/research is available from IDA? Regarding history - an article on the IMF vs. World Bank says, "During the first two decades of its existence, two thirds of the assistance provided by the Bank went to electric power and transportation projects. Includes a lot of stuff on "Governance & partnership" and "Doing Business" that seems related but not identical to IRAI ratings. Development Impact Evaluation Initiative (DIME): mentioned in Making Aid Work as the more results-oriented part of the World Bank. 50% Africa, 25% South Asia, 16% East Asia & Pacific, 9% other. A lot of it is probably available elsewhere: through Gapminder, OECD-DAC (free data on aid flows) or standard financial/balance-of-payments sources. Promote exchange rate stability. There seem to be 16 total. Overview here; details at this PDF (linked from here). "PRGF-supported programs are framed around comprehensive, country-owned Poverty Reduction Strategy Papers (PRSPs)." IDA also gets some funding from IBRD and from repayments on its own loans. Grants go from ~$1.7 billion to ~$3 billion. How does IDA select projects and countries? Functions of IMF. The allocation process within a country is based on Poverty Reduction Strategy Papers, authored by governments. If we know exactly what subtopic we're interested in, this could be useful in some cases. Article on IMF vs. World Bank. The World Bank is listed as a major player in 3 of Center for Global Development's success stories: treating cataracts in India, controlling tuberculosis in China, controlling onchocerciasis in sub-Saharan Africa. It's harsh: Complete publication database: they tried hard to make this usable but I find it unusable. International monetary cooperation. It concludes that the effects of Fund … Countries with partial/potential access to IBRD loans get less. World Development Reports: each year is a big report on a specific topic. Subtopic we 're interested in, this could be useful in some cases IDA & IBRD data is combined such... Indicators costs & dollar ; 3 billion multiple exchange rates leading to restrictive practices what... Asia, 16 % East Asia & Pacific, 9 % other costs dollar. Interested in, this could be useful in some cases early as 1960s ; some that are of have! 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