Development - World Bank and IMF response

Question 1

Strategy history

Answer 1

• emphasise debt relief and loan prudently
• power sector loans were 21% in 1980, 7% 2002
• social loans were 5% in 1980, 22% in 2002
• in 2004, gave $20 billion in loans to 245 projects

Question 2

COnditionality

Answer 2

• European Network on Debt and Development report 2005

Inappropriate conditions

• Uganda had to improve sport sector in tertiary education before 2005 loan
• Burkina Faso had to buy an train government officials to use software
• 10% of girls 15-24 have HIV

Too many conditions

• Uganda had 197
• 14/20 poor states had more than 50 conditions to meet before loans
• IMF tried to reduce, in 2002 new guidelines, but number has risen from 10 new conditions per loan review in 2002 to 11 in 2005

Privatisation

• 39% of WB conditions
• development must be homegrown

Question 3

International Development Agency

Answer 3

• largest source of consessional assistance to poor states

- 2009 gave $9 bill in 158 projects in 62 states

Question 4

International Bank for Recovery and Reconstruction

Answer 4

• middle income states

- Belarus installed energy efficient windows and lights in 700 schools and health facilities, save on energy costs

Question 5

Bangladesh

Answer 5

• recieves 25% of all WB aid
• been given $16 billion in policy reform and investment
• girls in schools were 1.1 million in 1991, now 6 million and 98%
• improved rural connectivity by building 2000 km of roads, working females have gone up 50%, poverty reduction rate doubled in project areas
• maternal mortality is down by 40%, 90% of kids recieve vitamin A supplement,