"IF THE internal documents and statements from their own spokesmen are to be believed, we are witnessing the emergence of "new" and "improved" versions of the World Bank and IMF. As part of that process, analysed at length in a number of documents including one on "The IMF in a Process of Change", the annual meetings of the Fund and the Bank held in Washington at the end of September 2002 approved new guidelines relating to the conditionality that should accompany balance of payments and development support from the IMF. Together with the Comprehensive Development Framework (CDF) and Poverty Reduction Strategy Paper (PRSP) approaches that have been experimented with by the World Bank and the IMF over the last three years, this is seen as heralding a major change in the approach and mode of functioning of the Bretton Woods institutions" Full: <http://hoovnews.hoovers.com/fp.asp?layout=displaynews&doc_id=NR20021016670.2_00fd01741a04ee9f> --- Sent from UnionMail Service [http://mail.union.org.za]