The more things change the more they stay the same... Infographic illustrates findings of new report on IMF Policy in the MENA Region.
New report reveals IMF policy in the MENA region has remained unchanged after the 2011 Arab uprising, despite its rhetoric for change towards inclusive growth.
An impending shortfall in available resources for the Clean Technology Fund continues to concern, leading to cancellation of projects. Questions were raised about development impacts and reliance on geothermal energy in India and Indonesia's revised investment plans, and on debt sustainability in a Caribbean project.
Concerns have been raised about a projected shortfall of resources for the Clean Technology Fund, with an early warning mechanism due to be discussed. Questions were raised about development benefits of a Colombia project and on safeguards for a Vietnam project.
Clean Technology Fund (CTF) funding approvals continue to rise, including private sector projects for geothermal energy. Revisions for investment plans were approved for Nigeria and the MENA region, with Libya added as a new country.
The World Bank launched a new energy directions paper in July but continues to focus funding on fossil fuels such as natural gas
The IMF’s provision of an exceptional access loan to Ukraine was presented as vital economic support, but many commentators fear that this loan is driven as much by political as economic necessity. Despite emphasising increased sensitivity to country circumstances, Fund policy recommendations in Egypt are very similar to its prescriptions for Ukraine.
The Bretton Woods Project review of the most important developments at the World Bank and IMF in 2013.
BWP report finds few signs of IMF policy-change in the MENA region post 2011.
New America Foundation civil society event on subsidy reform in Arab countries, held in the civil society forum of the 2013 IMF/World Bank annual meetings
Minutes of an IMF consultation on fiscal transparency policy
Negotiations on a $4.8 billion IMF loan to Egypt (see Update 83) remain stalled, although Finance Minsiter, Morsy Hegazy reiterated in January that talks are "still ongoing".
Egypt's interim government announced in February that they expect to sign a $3.2 billion loan deal with the IMF and state-media reported that negotiations are underway for a $1 billion loan from the World Bank.
Social movement Popular Campaign to Drop Egypt's Debts has spoken out against Egypt's military government agreeing to a $3.2 billion IMF loan.
In late June the Egyptian Ministry of Finance turned down a $3 billion loan package from the IMF, citing the rejection as a response to "public debate".
The $145 million World Bank 'West Delta' project has come under fire. Egyptian NGO, Land Centre for Human Rights (LHCR) has filed an appeal on behalf of farmers in the Egyptian delta and they want to change the course of the planned irrigation scheme.