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Please join New Rules for Global Finance Coalition
As we celebrate the North American release of
CHALLENGES
TO THE WORLD BANK AND IMF:
Developing
Country Perspectives
And the Winter Holidays!
December 17, 2003 –
5:30 p.m. to 7:30 p.m.
Oxfam America, 1112 16th
Street, NW # 600, WDC
(near farragut
north/west on the metro)
Join us as we blend
substance and solidarity:
The Substance of a
truly exceptional book, and
The Solidarity among
colleagues working to make the book’s vision a reality.
 The
editor and two contributors will be with us for this North American launch of Challenges
to the World Bank and IMF.
Editor: Ariel Buira,
Director, Group of 24 Secretariat
Contributors: Bernhard
Gunter, Consultant for Macroeconomics, Poverty, and Debt and Aziz
Ali Mohammed, Group of 24 Secretariat
This unique new volume examines some of the most burning issues on the world’s
economic agenda. Challenges to the World Bank and IMF incorporates research
carried out on behalf of the G24, reflecting the priorities and interests of
developing countries. Seldom is the voice of the developing nations expressed as
cogently and powerfully as in this volume.
This book reviews the current approaches of the IMF and World
Bank, and the operations of financial markets and offers alternatives that
ensure the effective participation of developing countries. Specific topics such
as reforming the governance of the IMF and its conditionality, debt workouts and
restructuring, management of capital flows, debt sustainability and insurance
against crisis, are discussed in the context of achieving the Millennium
Development Goals and a ‘global partnership for development.’
This volume is a compelling reminder of the long road to be
traveled before the governance of the world economy becomes truly responsive to
the aspirations and needs of the developing world.
Ariel Buira,
Director of the Secretariat, Intergovernmental Group of 24 (G24). Former
Executive Director of the International Monetary Fund (IMF), former Member of
Board of Governors Banco de Mexico, former Senior Member of Saint Antony’s
College. Oxford, former Ambassador of Mexico. Author of numerous books,
including: An Alternative Approach to Financial Crises (1999).
Aziz Ali Mohammed,
Honorary Advisor to the G-24 Chair and G24 Deputy for Pakistan, former Alternate
Executive Director, IMF. He has held senior Positions on IMF staff, including
Director, External Relations.
Bernhard Gunter, An
independent consultant, specializing on issues related to development
macroeconomics, poverty and debt. He is currently associated with the New Rules
for Global Finance Coalition and the World Bank. Formerly an economist in the
World Bank’s HIPC unit and a Consultant for the World Bank Institute.
** ** ** ** ** **
Details on how to order this book
You can buy the book from the Anthem Press Website at http://www.wpcpress.com
or
You can buy the book from http://www.amazon.com.
** ** ** ** ** **
Table of Contents
Foreword
Dani Rodrik
Introduction
Ariel Buira
1. The Governance of the
IMF in a Global Economy
Ariel Buira
2. Who pays for the IMF?
Aziz Ali Mohammed
3. An Analysis of IMF
Conditionality
Ariel Buira
4. Achieving Long-Term
Debt Sustainability in Heavily Indebted Poor Countries, (HIPCs)
Bernhard Gunter
5. The Poverty Reduction
Strategy Paper Approach: Good Marketing or Good Policy?
Jim Levinsohn
6. Capital Management
Techniques in Developing Countries
Gerald Epstein, Ilene
Grabel and K.S. Jomo
7. International
Reserves to Short-Term External Debt as an Indicator of External Vulnerability:
The Experience of Mexico and Other Emerging Economies
Javier Guzman and
Rodolfo Padilla
8. Mechanisms for
Dialogue and Debt-Crisis Workout that Can Strengthen Sovereign Lending to
Developing Countries
Barry Herman
9. Developing a Global
Partnership for Development
Martin Khor
10. International
Financial Institutions and International Public Goods: Operational Implications
Ravi Kanbur
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